Paragon Entertainment Share Discussion Threads

[playful] 16/5/2020 21:54

The CEO is still in the business seems.

[cockerhoop] 06/4/2020 17:11

Appears to have been wound up David - sad as produced some really nice work. hTTps://www.insolvency-kpmg.co.uk/case+KPMG+PJ627F0341.html hTTps://www.insolvency-kpmg.co.uk/Viewer/pdfViewer.aspx?sid=zxi0u4oy02ebwqm3hz4lnld0&did=766155ff-baf0-4101-815b-000ae64a7d53

[davidosh] 06/4/2020 15:50

Just out of interest did anyone get to see the administrators report or hear if a pre pack deal was done?

[tomboyb] 03/7/2019 12:18

Gone! Administration -

[mortimer7] 02/7/2019 10:10

This is possibly all a bit academic but... A Notice of Intention to Appoint Administrators normally gives a maximum 10 Business days protection to the filing business from creditors (once it's filed at court) whilst they appoint administrators. Having read the 20th June RNS again, it doesn't say they actually have filed a notice. Does anyone here know if they have?

[playful] 21/6/2019 09:17

hTtps://www.yorkshirepost.co.uk/business/paragon-entertainment-the-firm-behind-gallery-at-halifax-s-eureka-museum-enters-administration-1-9834236 htTps://www.thetimes.co.uk/article/playtime-is-over-for-paragon-7vtzz289w Currently a top story in the York Press on their website side bar of shame... The Press approached Paragon for a comment but received no response. htTps://www.yorkpress.co.uk/news/17723042.york-design-firm-paragon-entertainment-goes-into-administration/

[playful] 20/6/2019 15:54

Redmug, I would recommend they reach out to someone first thing tomorrow morning.

[fft] 20/6/2019 15:44

As soon as HSBC pulled the plug, the auditors would have refused to issue the 'going concern' statement in the (overdue) accounts.The administrator of PEL will overcharge and have no interest in doing a good deal. A pre-pack at a very low price is my guess.I don't understand why no mention hasn't been made in today's RNS of trying to find a trade buyer for at least part of the business. Haven't they tried that ? I suppose we could be lucky and a bigger player buys PEL to gain the tools, people and existing contracts. But unlikely...

[tomboyb] 20/6/2019 15:29

I don't know enough about PEL to really comment on that - However, what I am noticing is company after company seems to be in trouble - 2018 was a terrible year - 2019 so far is looking even worse and I wonder whether the big one will be here this year -

[redmug] 20/6/2019 15:23

Paragon was a good honest company. To answer tomboyd question, the directors really did use their own cash to buy shares and the recent subscription which I guess was to keep the bank happy was from their own pocket. They have had more than their fair share of poor clients who fail to pay up for work done and this take its toll on the finances. The product produced was amazing; but sometimes this isn’t enough. Hsbc have clearly taken a view to recover what they can. I know the directors, and they’ll have done everything they possibly can. This was their business and livelihood as well that they’ve put many years of work into. For shareholders, we get nothing. I just hope that the administrators can salvage a sale and keep it going.

[tomboyb] 20/6/2019 15:17

Trading statement 1 week ago - It is shocking as no indication of deaths door -

[dave4545] 20/6/2019 15:05

Shocking shocking shocking They have had numerous times this month to say what they knew and that is they are in serious trouble especially yesterday and they say nothing and let some people buy the stock knowing it's a total wipeout for them !

[tomboyb] 20/6/2019 13:53

That is really directed at all aim stocks -

[tomboyb] 20/6/2019 13:52

i have to ask - do these directors actually pay for their own shares or is there creative accounting involved -

[playful] 20/6/2019 13:50

So sorry for folks involved. What surprises me is they must have known this was coming when MP jumped out of the CEO position. Best hope is a deal with Stage One to save jobs but shareholders get nothing.

[phowdo] 20/6/2019 13:38

Bad luck PJ. But there have been warning signs here for ages... New CEO only been on the job 2 weeks. Lets hope the administrators can save the jobs of those who actually do the creative work on making the exhibits.

[tomboyb] 20/6/2019 13:26

Can't prove anything - However imho LUCK does NOT play a part with a trade like that - Rigged AIM -

[mortimer7] 20/6/2019 13:15

Would like to know who it was sold 3 million shares on Monday. Either very lucky or....

[tomboyb] 20/6/2019 13:15

Sorry chaps - Unexpected like RHL -

[fft] 20/6/2019 13:13

Bloody hell. This looks terminal.