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Manor staff retained until end of January
Manor administrators give fresh hope as staff will be paid until end of the month. Despite claims that Manor had until January 20th to find a buyer, administrators FRP Advisory LLP have revealed that staff are being paid until the end of the month having discovered some extra money while doing the team's account. The law states that administrators have 14 days from the date they are appointed before they become liable themselves for salaries and other expenses - hence the January 20th deadline - but the discovery of the 'missing' funds means the deadline has been extended. 'They felt there was sufficient funding to pay the cost base to the end of the month,' said a spokesman for the...
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8y ago from Pitpass.com
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