The Channel logo

back to article Brit schools' supplier Tribune Business Systems RUBBED OUT

Education tech supplier Tribune Business Systems (TBS) has gone into administration due to crippling cash flow issues with FRP Advisory handling the affairs. CEO Sheldon Stoutt was understood to have been looking for additional investment but this did not materialise, and the company called in the receivers in the middle of last …

COMMENTS

This topic is closed for new posts.
Bronze badge
Paris Hilton

Procurement amendments

Dear Uk (non)Government

Please amend and revise your (un)sivil cervant rules for procurement to cater for the following working methods:

1 - HMG (or lesser bodies it sorta depends) invites bids to provide the following services: blah-blah-de-blah-blah

2 - HMG (or lesser bodies) have budgeted £x spondoolies for the services and this contract will be awarded to bidders aiming to provide HMG and HMG subjects with the best services in the world ever and bidders will need to justify their working methods.

3 - bidders are invited from UK, International limited to EU, International non-EU and some blend or composite of each

4 - feck TUPE. If the present incumbents lose out that is their loss innit?

edit: if HMG (and lesser bodies accessing public dosh) do not do it then they are likely to fall fowl foul of EU and UK procurement principles innit?

edit2: and this extends to all publicly funded services such as NHS, sivel cervices, education, ... , so there huffy-puffy mandarin?

0
0
Bronze badge
WTF?

Gadzooks...

That net asset value of 800K or so at last year end 2012 was down to an equity investment of 1.3m and a loss in that year of close to 600K.

What looks at odds is the level of trade and supplier credit (well over 1m in each case) - roughly five times that of 2011.

That's some increase given prior year sales in 2011 totalled just under 1.9m

0
0
Anonymous Coward

I am not surprised this company has gone into administration. Our experience with them was not a good one.

I have tremendous sympathy for those members of staff who have lost their position through no fault of their own. Hope they all find employment as soon as possible.

0
0
This topic is closed for new posts.

Opinion

Blood image

Trevor Pott

Can the storage giant overcome a lack of necessary leadership?

Chris Mellor

Why overlapping kit from a merger equals a disaster in waiting
management cloud2

Gavin Clarke

The executioner turns gambler as HP's PCs are set to go

Features

No, silly... he was the fall guy for years of Finnish folly
Fraud image
Frodo and the Ring
Microsoft's strategy is to make Store apps popular. Good luck with that