Ringfenced guarantees
Just spoken with one of the receivers at Ernst & Young and here's the Highbury payments situation from their point of view
- There's a single ring-fenced fund that covers all work commissioned from mid-December onwards. If you completed work for Highbury from then onwards and you have purchase order numbers to confirm the commission, you can still submit invoices to Jordan House, 47 Brunswick Place, London N1 6EB, marked for the attention of the receivers, and they should be paid.
- Any invoices from before mid-December are unlikely ever to be paid by E&Y, but they're looking through them to decide which are eligible for payment from the fund
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I'm Rob Buckley, a freelance journalist who writes for all kinds of magazines that most people have never heard of. As well as editing IT and Media magazines, I've been chief sub editor for finance mag Company and Shareholder and written about martial arts, biotechnology, marketing and a load of other things, too. I live in SE London and have eclectic interests, including jiu jitsu, languages, science, politics and travel. You hate me already, don't you?
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April 7, 2006 | Reply
Great reading, keep up the great posts.
Peace, JiggaDigga