The sudden collapse of City Link, leaving workers and contractors unpaid and facing a bleak future, should serve as a warning to Peverel staff and contractors.
As more details emerge about the City Link collapse, it becomes clear that what to a large part brought down City Link is being practiced by the "investors" in Peverel.
The private equity owners of City Link have taken a great dal of money out of City Link, when they should have been investing in the company.
They also made themselves priority creditors. That means, they get their money back and not staff or contractors..
If you are a member of Peverel staff (even you Chris Owens) or a contractor, you should be very concerned for the future..
Unlike the poor victims of City Link, Peverel staff and contractors cannot say "they were not warned"
