Quite annoying how the directors just dump everything and their debts but are allowed to carry on as if nothing happened.

My experience with them was awful, they were more interested in letting / selling their own off plan properties than mine. They lied about doing viewings and when I asked for my keys back I was told they had been stolen, hmm, no polic reference number provided and they refused to pay for the locks to be changed. Absolutely appalling service, glad to see the back of them.

Same pigs, new trough? Surely not.

"We have probably been doing around 25 per cent of the business we were doing a year ago."

That's still an awful lot of people who don't know the meaning of the phrase "catch a falling knife".

Who in their right mind is buy now?

I just want to clarify a few points about Saxton Mee Commercial Ltd (SMC).

Firstly, we deal with commercial property, which has not been as badly affected as the residential market. We also provide a wide ranging set of services to a diverse client base, so our business has held up well and in the first half of the financial year, our turnover compared well with last year's and was actually up on last year.

Secondly, not a single member of SMC's staff has been made redundant.

Thirdly, the decision to buy out the shares and separate from Saxton Mee was made for sound business reasons several months ago and got delayed due to being caught up in Saxton Mee's financial problems.

Fourthly, we are entirely solvent and able to pay all creditors within their normal payment terms.

Finally, if any of our clients are concerned about SMC in any way, I can assure them that we are well-funded and are now in a far stronger financial position than we were previously, as a result of the buy out.

My team and I are delighted that we have got through a very traumatic period and many of our clients have been kind enough to flood us with good will messages, for which we thank them.

Yet another Limited Company fiddle, the man in the street left standing whilst the Directors laugh in West 10, Porsche and all.. jolly good.

M Hull, comment 5

You obviously have a vested interest.
No one made redundant.
We are fully solvent
We are well funded.
In a stronger financial position


I'm sure we heard something similar from ICESAVE earlier in the year