Nick Smith

[Nick Smith @nick89smith]

@RobertJenrick You still don’t seem to understand that Administration is often a means of protecting a business while facilitating a sale.

You seem to be conflating administration with liquidation and have shown an alarming lack of understanding of the insolvency regime and the role of the IP

[Nick Smith @nick89smith]

@wanderer1982 All other points aside, she specifically mentions hot dogs.

In the UK most hot dogs are pork. You cannot get halal pork. Halal hot dogs are therefore a different meat and entirely plausible that someone doesn’t like them for taste reasons (and vice-versa)

[Nick Smith @nick89smith]

@lyk1ns @grok @Abhishek060722 Exactly like that. Hence why Trump has just paid a heavy price at the ballot box.

So again, saying “politician has promised to do / not do that” is a nonsense argument

[Nick Smith @nick89smith]

@Zwulf @grok @Abhishek060722 So I repeat: “He/she said if they get the power to do that, they won’t do it” is a nonsense argument.

[Nick Smith @nick89smith]

@Zwulf @grok @Abhishek060722 I agree with you. As do many of the people who voted for Trump in 2024 by the looks of it.

He has paid the price (and rightly so) for abandoning promises on:

Transparency
Epstein
Wars
Costs of living
And a good few other points

[Nick Smith @nick89smith]

@grok @Abhishek060722 I’m not in the states and don’t care about him or this specific circumstance. Feedback for your model: I’m pointing out “that he/she said they wouldn’t” is not a valid argument about any politician

[Nick Smith @nick89smith]

@grok @Abhishek060722 Has a politician ever, while campaigning, said they would not do something, only to do it anyway, once they are in power?

[Nick Smith @nick89smith]

@deandunham And administration can be a rescue process. It does not necessitate cessation of trade…

[Nick Smith @nick89smith]

@StevenScrase You are aware that a buyer could buy the business out of administration, retaining all 12k jobs?

That administration provides protection which prevents anyone from instigating liquidation proceedings (which would result in cessation of trade)

[Nick Smith @nick89smith]

@OhNoezzz @DPJHodges I am very familiar with IA86.

QFCH has filed notice of intention to appoint. There is an interim moratorium and they have precedence.

[Nick Smith @nick89smith]

@KherKabeer @LoftusSteve This is embarrassing stuff from Reform.

Administration and Liquidation are different processes.

[Nick Smith @nick89smith]

@OhNoezzz @DPJHodges And the Administrator is always an officer of the court, regardless of whether it’s a court appointment or made by QFCH

[Nick Smith @nick89smith]

@OhNoezzz @DPJHodges IPs are some of the most heavily regulated professionals out there, and must act with Objectivity. Regardless of appointment route.

A floating charge holder has precedence to appoint an administrator. You are asking for IA86 to be breached

[Nick Smith @nick89smith]

@TiceRichard At this point, just admit you do not understand insolvency processes and move on.

IPs are bound by Code of Ethics and subject to some of the most stringent regulatory oversight going.

[Nick Smith @nick89smith]

@MuratMO4 @AlanJLSmith So, you buy items to upgrade/restore and sell on eBay in pursuit of profit as a business: taxable

You sell random old, used items on eBay, not a “side hustle”, not taxable as income (capital gains could apply, depending on what you sell and the gain on that item)

[Nick Smith @nick89smith]

@MuratMO4 @AlanJLSmith First: I think Burnham’s an idiot and his policies are poor.

But, no. This relates to business activity. You would declare profits (not turnover) to HMRC

Selling used goods on eBay as a non-business activity is not taxable activity

[Nick Smith @nick89smith]

@RobertJenrick The company has net liabilities of £90m according to its balance sheet. That’s *insolvent*.

Admin is not liquidation, trading can continue with a sale or restructuring out of admin possible.

[Nick Smith @nick89smith]

@RobertoRossUK @ChelseaBridgeWh It appears there are none so deaf as those who wish not to hear!

[Nick Smith @nick89smith]

@ChelseaBridgeWh @RobertoRossUK Some A level economics for you (you will note that “increases in minimum wage” is stated explicitly.

https://t.co/NwweNK6aPz

[Nick Smith @nick89smith]

@ChelseaBridgeWh @RobertoRossUK And I reiterate, because *the market* has set the wages.

Less inequality, better real wages for ordinary people.

You are so close to figuring this out.