brookeind

RNS News items.

Brooke

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Company forced into receivership by HSBC Jan 30th. 2002.

There are sites for the divisions too.

Brooke.co.uk

Brooke Cutting Tools division. MBO here. Still trading.

Jan. 30th. 2002

HSBC pulls the plug. That trading is difficult currently is obvious, but yet again a bank (and I bank with HSBC too) is not prepared to wait through the problem years and the shareholders get "stuffed" as usual! Why we could not have been approached is a mystery (as usual). This type of thing is, in my opinion grossly unfair to the shareholder, particularly when the parts of a firm are able to continue after being acquired for next to nothing! The last loss I had was FJC Lilley, which was sold off quick time!

Page created 20th August 2001 Edited August 13th. 2002

There are sites for the divisions too.
Brooke.co.uk	Brooke Cutting Tools division. MBO here. Still trading.
Jan. 30th. 2002	HSBC pulls the plug. That trading is difficult currently is obvious, but yet again a bank (and I bank with HSBC too) is not prepared to wait through the problem years and the shareholders get "stuffed" as usual! Why we could not have been approached is a mystery (as usual). This type of thing is, in my opinion grossly unfair to the shareholder, particularly when the parts of a firm are able to continue after being acquired for next to nothing! The last loss I had was FJC Lilley, which was sold off quick time!