Bill Collins
Byrne Robotics Member
Joined: 26 May 2005
Location: England
Posts: 11489
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| Posted: 19 December 2025 at 3:50pm | IP Logged | 2
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It's a long story but basically we were owned by American
company Tyco and all was brilliant. Then some head honcho
embezzled money and the group was sold to a less than
reputable group owned by a Lord. His peerage was bought
by donating a LOT of money to The Labour party. The group
went into administration in the October, we found out via
the news. The administrators closed struggling factories
and put up for sale the thriving one's. The beginning of
the week before Christmas i asked in a meeting and was
specifically told we had numerous interested buyers and
as we had a full order book even if we weren't bought
immediately, as long as we were making money they would
continue to keep us open. Then the day we broke up, we
were told that was it, we were not coming back after
Christmas. There's a lot more to the story, the owner
ring-fencing his billions, one of his sons who was
nominally in charge of the group committing suicide,
false expense claims of £30,000 to the House of Lords,
pensions in other companies vanishing. But it all weny
hush hush. He's dead now, but i definitely think he used
his political conections to evade justice. It was a shame
cos we were highly skilled specialists in our field.
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