I cant get my head around this. Go outdoors goes into administation and 4 days later is bought back by its previous owner.
Whats all that about, it stinks of creative accounting and putting workers lives in misery for a few days.
Heres an extract from the administrators.
"As of June 23rd, Go Outdoors appointed Deloitte as its administrator, and the Big Four audit and advisory firm swiftly oversaw its sale back to JD Sports. The deal saw JD Sports spend £56.5 million to buy back the business, having pushed it into administration in the first place, but in the long-term the owners hope this will actually help to save money."
Any accountants here able to spread a bit of light on what's going on?
At the last count:- Peugeot 531 pro, Dawes Discovery Tandem, Dawes Kingpin, Raleigh 20, Falcon K2 MTB dropped bar tourer, Longstaff trike conversion on a Falcon corsa.