Fourseasons as all those involved in the care home business know are a major player in the UK nursing home market. I recently saw this article on the group's troubles.
It is times like this we are glad that we no-longer supply nurses uniforms , nor any other type of uniforms to this group. I certainly would not be sleeping well in my bed if I was a supplier to Fourseasons Healthcare at this present time.
If this article represents what is happening, it does seem that we as tax payers may be left holding the bills here, as RBS, now mostly owned by the tax payer is also, from what I have read the major lender here too.
Doesnt seem fair that a company that relies mostly on government funding, by way of residents fees is maybe considering going bust, leaving huge debts for the tax payer and others to pick up the tab, then start again the next hour with everything in place, except the debt, and still expect the government to keep them in business by way of suppling customers.
Its easy for any business to say we are viable and have a sound business operation, but just cant pay our borrowings. How much more money we all would have if we didnt have to pay our debts and how many more viable businesses would there be out there.
This might be legal, but is it moral ?
I always thought there was a law against this sort of phoenix activity, but looks not .
Maybe more of us should consider this :-) If they can do it why cant we ?
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