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[Howzat]

 "Breaking news..mongoose cricket files for bankruptcy protection,hayden and andersen not paid in months"

Source: http://twitter.com/#!/Ravideveloper

[RoCo Da Pixie]

Source to read?

[tim2000s]

Not showing yet on the Companies House website.

[Howzat]

http://twitter.com/#!/Ravideveloper

[TheBoyLegend]

Do we have Bankruptcy protection in the Uk?? The Bankruptcy Fund is there to protect people losing their homes in case of bankruptcy but i dont think we have a "Chapter 11 style Protection" in the UK I could be wrong though

It could be they have been issued a winding up order by Hayden and Anderson to get Moneys owed but anyone can do that for any amount of money.

A source where this came from would be good Leo

[uknsaunders]

no news articles on the subject - looks like twitter bs unless somebody knows differently.

Could also be a totally different company called Mongoose, or a non uk arm as it doesn't sound like a UK type bankruptcy.

No trusted source = no truth

[TheBoyLegend]

no news articles on the subject - looks like twitter bs unless somebody knows differently.

Could also be a totally different company called Mongoose, or a non uk arm as it doesn't sound like a UK type bankruptcy.

No trusted source = no truth

Totally agree 

[Buzz]

well given Tom is online and hasn't commented plus traditionally with this type of thing there is no smoke without fire... I think there maybe something in this...

[tim2000s]

There may be truth in this, but no, in the UK there isn't Bankruptcy Protection. The links in the Twitter feed are to cricket related Mongeese, so I'd suggest that they relate to Mongoose Cricket.

[Tom]

I honestly don't know, I saw this on Twitter the other day and that was the first I'd heard of it. I actually asked a couple of guys on here if they'd heard anymore.

But as I've said previously, I'm no longer involved as an employee so I wouldn't have any reason to hear about it.

[King pair]

TheBoyLedgend, you are right we do not have chapter 11 style protection as they do in the US. What the poster may be referring to is a moritorium that is put in place over the company once a "notification of intention to appoint an administrator" is filed with the courts.

Companies house would not yet show anything as the NOI is a court document, the first CH document you would see would be a notification of the appointment of an administrator circa 10 days after any appointment takes place. (All of this is assuming Mongoose is a limited company of course?! I havent checked)

I will have a word with a few colleagues and see if anything has been heard.

[tim2000s]

You can still purchase bats online at the Mongoose Website. I called their office and asked directly whether they were still trading on the web as I had heard a rumour that they were insolvent, and I was concerned about purchasing from the website.

If they have filed for Bankruptcy, this shouldn't be taking place as it is illegal to trade whilst insolvent.

[tim2000s]

TheBoyLedgend, you are right we do not have chapter 11 style protection as they do in the US. What the poster may be referring to is a moritorium that is put in place over the company once a "notification of intention to appoint an administrator" is filed with the courts.

Companies house would not yet show anything as the NOI is a court document, the first CH document you would see would be a notification of the appointment of an administrator circa 10 days after any appointment takes place. (All of this is assuming Mongoose is a limited company of course?! I havent checked)

I will have a word with a few colleagues and see if anything has been heard.

Mongoose is registered with Companies House.

[Howzat]

As far as I know this stuff first happened on Friday

[iand123]

I think going into administration allows you to still trade but filing for bankruptcy means you cant as you say tim2000s

interesting to see if this is true or not