Why no mention of Administration in reports?

I can't understand that none of the reports have mentioned administration, just restructuring or rescue package.

I was confronted by a bailiff and told he was acting for an administrator, the fact that Evesham is still trading as the same company and claiming that it is just a restructure almost certainly means that this is a pre-pack administration and all staff that have lost their jobs should get their redundancy from the new company, or the old one if you believe what they have reported.

A good customer of the Nottingham showroom, who is an administration advisor, has explained to us that in this situation the new company takes on the contracts or responsibility for redundancy payments from the company they are buying or "rescuing".

He said above all do not panic, this takes a little Time.(excuse the punn).

This is very different from a full administration, in that Evesham are still trading now and have turned this around in hours, this can not be a full administration, so the company we all worked for is still there and should have to pay us all redundancy. I am certain we will all hear something on Monday.

If not I will see you all out side Evesham HQ Tuesday 10am

:-) and for a drink at 12PM.

I wish all the ex-staff and the loyal customers a good future.