07-01-2022, 08:48 PM
commseng post_id=62069 time= user_id=1125 Wrote:Cloudbass do have some of their own - although I'm not sure how often they actually use them!Markymark post_id=62066 time= user_id=1078 Wrote:There are a few non-banking firms who must have been regular suppliers to Arena who are owed large sums.commseng post_id=62053 time= user_id=1125 Wrote:Certainly a lot to take in over the 130 pages.
The directors had not been to Redhill Aerodrome since December 2020 and are believed to have left the UK.
A shortfall of "several thousand assets" that money had been loaned on is staggering.
The list of creditors to the Television and Aviation sides of the business contains a huge list of very familiar names, many of whom are small businesses, often sole traders. I doubt they will ever see anything much out of the administration process.
I'm aware that some of the assets have already been sold off, or the sale agreed, so the next report will also make for interesting reading I'm sure.
It's extraordinary to see that list. Like you I see some familiar names in there. Over 90k owed to both FTVS and Focus !
FTVS being an obvious one, as Arena didn't own their own gennys as far as I am aware (why would any OB company go through the hassle?!!) In the old days BBC OBs had some of its own, and we were forever having to fix them on top of getting the rest of the job done.
ACS owed £70k - at least they have the corporate backing of EMG I suppose.
commseng post_id=62068 time= user_id=1125 Wrote:Don't think A2B Aero are a new company? They've been around for a while, admittedly not offering aerial filming/newsgathering services specifically as far as I was aware.aaron_scotland post_id=62063 time= user_id=735 Wrote:I saw G-TVHD was flying over London for the fireworks.. Whats the story with that? Was it rented out to another company to fly, or is it not owned by Arena and was returned to the leaser?It was flying for a new company, A2B Aero, with familiar names from the Arena days.
I think the actual aircraft was leased by Arena if you read the administrators 130 pages.
