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back to article World+dog left counting costs: Still can't bury corpse of titsup Brit IT giant 2e2

The administrator of deceased 2e2 appears to have made slow progress in collecting book debts, with tens of millions still outstanding months after the integrator-cum-reseller failed. The latest progress report filed at Companies House today revealed that JP Associates (JPA), previously hired by 2e2 administrator FTI …

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  1. micheal

    The latest progress report filed at Companies House today revealed that JP Associates (JPA),

    previously hired by 2e2 administrator FTI Consulting had paid itself in full before telling everyone that there was no money available to creditors or employees.

    in other news....water revealed to be wet!!

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    1. frank ly
      Reply Icon

      Re: The latest progress report filed at Companies House today revealed that JP Associates (JPA),

      There's no way they would have taken the job on unless they had guarentees that they would be paid for their work.

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  2. Dominion

    IT Giant?

    Hardly a giant???

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    1. Anonymous Coward
      Reply Icon
      Anonymous Coward

      Re: IT Giant?

      Depends on your point of view I guess. A Britiah company turning over 500+ million a year, employing over 1,000 people could be considered a giant from that local perspective.

      Notwithstanding it was run into the ground and crippled by debt, of course.

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  3. Anonymous Coward
    Anonymous Coward

    Tribunal

    Looking forward to the tribunal hearing on 17th September where we (ex-employees) will find how much of the money still owed to us we'll get.

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  4. The Godfather
    FAIL

    I'll have another one....

    Says something about the quality of billing and the morass of getting one's head around ownership, liability and contractual terms in this type of activity. Woeful collection rate of book debts here.....

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