You know what the "limited" bit in a company name means, right?

;-O

Bad look owing money to your subjects

But yes the connections should be enough to make a healthy profit, if run properly 

wot sjh sed, a weirdly inaccur7 thread title, even by rof standards

Wot Davos said. 

Surely the market for party hats is pretty limited anyway? 

I know what limited means but the average person isn’t going to make the distinction between the company and those who own and operate it. Nor should they. I

Ducks it’s big enough for them to buy a massive house in Berkshire and send their kids to the best private schools.

as IF they bought the house - their billionaire son in law will have paid for that and it's probably in the grandchildrens' names.

the daily mail managed it and they r well below the average, amithesucker 

Their lifestyle always looked a bit beyond the kind of profit margins available on a business like this. They are not manufacturing and these are low value goods. 

I stand corrected, the thread title makes it sound they went bankrupt when it was their business. 

“nor should they”

er, yea they very should m88, they very very should 

so should the “businessman” claiming they “betrayed” him. “Businessman” who doesn’t understand what it means to deal with a Ltd. Hmm hmm suckidduppy

Deduct the tax owed from Will and Kate’s share of the sovereign grant.

Remember that small issue of parties being banned for a while?

The Clown bloke who bought it looks a prize prick.

How did dad Middleton fund all the expensive schooling etc? A rare example of faff paying off

An era when sending all three kids to a private school cost less than sending one in this day and age.

There was a family trust that paid for private school.

People who worship private markets need to explain why new entrants haven’t come in and increased price competition in private education.

I’d have no problem with new players doing this on a for-profit basis faod

What is this ‘go’ of which you speak and is somehow of the Middletons if your apostrophe is to be believed?And how does one become bankrupt?

T Pot08 Jun 23 09:34

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The Clown bloke who bought it looks a prize prick.

Laz because of the huge barriers to entry of needing to find a site with acres of playing fields, lots of class rooms, sports centre with pool (preferably Olympic standard) and enough residential accommodation to house several hundred people.  On top of that most parents will expect a rowing venue and these days it seems equestrian facilities as well.

For-profit schools are naff. 

To answer Laz's question: Independent school education is, at least in part, a Veblen good.

1.4m or so of the creditor was in fact the directors loan account from the middletons - they'd supported the company with a lot

THE REAL SCANDAL IS THAT THEY WEREN’T GIVEN ANY PPE CONTRACTS!!

JUST THINK, ONE PPE CONTRACT FOR £200 MILLION OR SO OF MEDICAL SUPPLIES COULD HAVE SAVED THIS IMPORTANT PARTY HATS BUSINESS: WHAT WENT WRONG?!?

That would have been my guess clubbers as well, but do you know that for sure?

prior year filed accounts show directors loan account of just over £1.3m

Well there we go.

Something that the papers seem to have neglected to mention

Goddamit the bean counter is here to spout actual facts and spoil our fun ;)

it’s almost as if you have an eye for detail clubberz

why new entrants haven’t come in and increased price competition in private education.

interesting q - presumably the full works a la Sailo's 9.59 isn't really necessary - would not a smaller scale, maybe for day pupils with limited/no boarding, academic focused establishment be viable?  Or do the smarter kids (that a school like that would target) all succeed in getting into grammars/decent state schools anyway?  

You've still got to find a building that will house a decent number of people and get planning and recruit the staff, etc.

There have been - The Knightsbridge school was set up by a bunch of PE types and has been spun off to the Middle / far east. I think that it actually targets the less academic and wealthy rather than the smarter kids who would otherwise go grammar. The Knightsbridge element is purely for the branding to flog overseas 

Headmaster Laz will read this morning from The Little Book of Come

“Laz because of the huge barriers to entry of needing to find a site with acres of playing fields, lots of class rooms, sports centre with pool (preferably Olympic standard) and enough residential accommodation to house several hundred people.  On top of that most parents will expect a rowing venue and these days it seems equestrian facilities as well.”

this does not actually reflect the demands of the ordinary middle class people who have been priced out of private education

there are no massive barriers to buying a moderately large suburban house and converting it into a small prep school

Deliver: wrap around care, class sizes 20 or fewer, a good range of extracurriculars, and a top two bands rating from the independent schools inspectorate, and do it for 15k per child per year pls.

Nobody needs a rowing venue, those can be hired.

There are at least 3 companies provide education on a for profit basis.   Nord anglia is. In Oxford and private equity backed.  My problem with this is that competing with schools who plough their money into educating rather than profits are probably going to be a better option 

That school in Cardiff (can't remember the name) which always tops A level tables has no extra curricular facilities at all iirc. They target rich Asians who want their kids to get the best results and not waste any time kicking balls etc.

Cancel paid schools and fund education please 

Never gonna happen 

Good luck fitting 180 pupils into a moderately large suburban house.  That doesn't include the fact most parents now will expect pre-prep and nursery facilities at the same school.

there are also plenty of schools in moderately large suburban houses in eg slough and birmingham. they tend to be single sex schools aimed at religious communities who want their daughters ill-educated and docile. 

there are also plenty of schools in moderately large suburban houses in eg slough and birmingham. they tend to be single sex schools aimed at religious communities who want their daughters ill-educated and docile.

Girls from ethnic minorities which are significantly more religious than white British people do better on average than white British in GCSE results. White British girls do worse than any other ethnic group. This comment by Escaped is what white British people think, but it doesn't reflect the reality. On average, Orthodox Jewish girls in private religious schools in Hackney and Muslim Asian girls in private religious schools in Ealing get significantly better exam results than the average white British girl attempting a state comp. 

*attending a state comp*

Insolvency doesn't prevent being personally liable for the company's debts to HMRC and chargees, lenders, etc.

Houses and cars can be taken away.They may have to move to a one-bed flat in Reading. Maybe they can get Council accommodation.

it certainly does SJ, unless they have given personal guarantees

You'd have thought a good IP should be able to squeeze some money out of them with embarrassing directors' duty claims.

Marry well. Leverage up. Ensure the taxman loses out.

This family should start running courses in “How to Succeed in The 21st Century United Kingdom”.

Superb work.

https://www.dailymail.co.uk/news/article-12176879/Carole-Middleton-deep…

Looks like Carole is blaming the new management

Sold for £180,000 stock worth £120,000 and £60,000 for IP and the rest.

I wonder if she remembers how to do doors to manual? 

Always thought the doors to manual thing was completely unfunny and so a quick way to advertise that you are a dickhead.

Each to their own. 

This is why the UK is shit. People that have a go and crash and burn are slagged off. People that take 500k plus of their parents' cash for schooling on top of uni subsidies to end up as a doc plodder or spreadsheet re-arranger seen as a great success. 

This is why the UK is shit. People that have a go and crash and burn are slagged off. People that take 500k plus of their parents' cash for schooling on top of uni subsidies to end up as a doc plodder or spreadsheet re-arranger seen as a great success.

I agree with this mostly. However, I'm not sure that a business that involved importing cheap tat from China and selling it at a massive mark-up via online is really the best illustration of the point. There was a window of 10-15 years during which people doing online could make good money if they had the right business model. That's changed as more competition has arisen and consumers have started buying direct from China via Aliexpress and similar. 

The inverted snobbery is still strong I see.

I can't believe this is still bubbling along four days after clubbers nailed it. 

I can