Middleton's company

[Viviennemary]

There is an article on this in the Daily Mail website.,Apparently the Middletons party company has gone bust with debts of £2.6 m. And lots of creditors are owed money. Somebody has put posters up round their village.

Now so don't really approve of this but it is a bit galling to think of those multi millionaires not paying their debts to smaller businesses that could lose their livliehoods.

As I posted up thread, the purchaser does not take on the debts of the insolvent company. The debts remain with the company and dividends are paid to creditors if there are funds - the Administrators have confirmed that in this case there is not. The information has been provided by the Administrators and is filed at Companies House

I’m split over this - on the one hand it’s very unfair that they are getting all this negative attention for doing something which for thousands of other business owners is just how it works under current rules of doing business.

The only reason that the Middletons are getting the kind of criticism we are seeing on this thread is because their daughter married William.

On the other hand this business benefitted greatly for ten years pre Covid with the totally free type of brand awareness and advertising that simply can’t be bought because their daughter married William.

So they can’t really complain about the extra negative attention having profited from the positive attention.

But I also don't think think they are the devil for using the current laws to their advantage - I don’t really believe posters who claim they wouldn’t have done the same.

As I grow older I’ve become more aware of things that are legal but shouldn’t be, and things that are illegal that should be legal.

As to the people putting posters up because they haven’t been paid, if they actually are the people who are owed money then I support them. I don’t see this as ‘mob rule’ or ‘malicious’. Putting up posters announcing truth is not ‘malicious mob rule’. If it is illegal, it shouldn’t be.

“ Lol 😂 Incredible how people make plans with other people’s money”

hilarious .
Are you aware that all the Windsors’ wealth is stolen ??

@wordler

”The only reason that the Middletons are getting the kind of criticism we are seeing on this thread is because their daughter married William.”

Yes . We agree .Are there any other businesses with the possible future king as son in law which have also left creditors unpaid ? If so , same applies

That horrible creature the QM left debts but Elizabeth made sure they were paid .

Why William has to pay? Lol 😂 Incredible how people make plans with other people’s money

Apart from the fact Willy is a billionaire who could pay this debt with change he found down the back of the sofa, his extravagant lifestyle is lavishly supported by the taxpayer. Some £800k of the debt is made up of unpaid taxes and covid loans.

IMO he and his PR team have missed a trick in not making at least those debts up even if he's happy to be seen to let the little people struggle.

I do wish people would stop calling him Willy - so childish .

I am amazed people are genuinely saying they're ok with multi millionaires living in an £8 million home leaving a covid loan unpaid. The fact they're the future Queens parents makes it more newsworthy but its a familiar story and if this were a generalised conversation about it I would expect most of us would easily say it was wrong and shouldn't be allowed. If Meghan was in their position with a business that had an unpaid covid loan and owed people with less than her money, this board would have a meltdown. They're only being defended here because of who their daughter is.

I agree. There have been some posts which have made very good posts but as soon as I see that childish nickname I find it hard not to dismiss the poster as just intending to insult.

Really?
how strange .
Should we be calling Willie Nelson William Nelson?

Or is that Willy isn’t respectful enough for Willy Winsdor ?
good luck with that

As far as I can make out it was only Harry who called him that so it seems daft to call him a name that 1 person called him . Especially now that the 1 person is no longer in contact with his brother .

I do wish people would stop calling him Willy - so childish .

Can always go with the Duke of Dolittle if that makes people feel better 😁

I am really disappointed with the Middletons' stance on this.
It may be legal but it's not morally right.

I actually appreciate the insight it provides into the mind of the poster.

Willie Nelson's proper name is Willie Hugh Nelson.

I suspect their business failed because the lockdowns (kid's parties were definitely not allowed).
If the company has gone into administration, then they would not be allowed to pay certain individuals off (at the expense of other individuals); it would be up to the administrators to liquidise the business assets and distribute any remaining funds fairly to all creditors.
I presume they claimed whatever help was available to businesses affected by the lockdowns at the time, and which they were entitled to do so.
Whether such help was available or should have been available is another question. I suspect there were many businesses who benefitted, but we only know about the Middletons because of who they are.

Many businesses in Australia received covid relief.

Some big ones posted huge profits at the end of the year but they never had to pay it back.

Some big companies voluntarily paid it back (companies with morals - amazing). but others did not, even though the could as they had made big profits that year.

It leaves a sour taste when companies who could afford to pay it back didn’t pay it back - because they didn’t have to. Our children and grandchildren will still be paying for that, it seems. It’s not remotely fair. But it’s completely in keeping with the way we live now - rich get richer, poor work harder for less.

I agree with you @Iwantcakeeveryday.

I am really divided though about having Will or Pippa's husband pay off the debts though as some suggest (let's be honest, it's not like it's actually Kate or Pippa's money to dole out!). I imagine it would be vvv awkward to ask your husband to pay off your parents debts. Depends on the husband i guess. I'd do it for my in-laws or siblings if I loved them and thought of them as my own second set of parents though!!.

If I mean if I were Will, I might let slip through my sources that I "loaned" my in-laws the money for some good PR. I mean KP must have known this story and it's rehashing for years to come would not look good.

It really is a shame what the pandemic has done to a lot of businesses. It must be embarrassing for this to be so high profile.

Just another example of how many people of significant means use loopholes.

Their other son in law is wealthier than William.

Oh, yes - that hedge fund bloke. I'd forgotten about him.

What big companies ( with morals, as you wrote ) paid the Covid Relief money back in Australia @ALittleTeawithmilk ?

But the Middletons don't need to ask either of their SIL's for money, they have plenty and own multiple properties. They could sell one and still have plenty.

It’s the same old grift that the ‘royals ‘ use
Private when it suits their pocket , public when it suits their pocket

The possible future queen’s parents promised to pay their suppliers and they haven’t honoured their word .
Yes it’s part of the ‘royals responsibility becasue they sell themselves as ‘special people ‘ . We know it’s a lie - but it’s all about the image -a superficial facade that some need to believe in.
It is not the same as multi nationals ( though I agree they also do wrong ) .

i honestly can’t remember the names of companies who paid back. It was fairly long ago now. But I remember they did. And you could probably Google it.

I get most of my information re Australia from

The Guardian (Australia section)
The Sydney Morning Herald
The SaturdayPaper
Australian Financial Review (sometimes)

so most likely you’ll find it in one of those 4 sources:

and I called them countries with morals because I was so surprised when I read they paid it back. I could have been less complementary and said most likely because of public pressure. People were pissed off…

The strange thing is - why HAVENT the ‘royals’ quietly sorted it

Theyve left the Middletons exposed .

They did their utmost to clean up after Andrew and that was worse