As I understood it, everyone who met Toby Silverton was impressed with his business skills. The business was considered to be in capable hands.
If, more through family problems than business problems, the funding has just dried up, then Mr Silverton might simply have been caught out with, as Kevin says, an 'overdraft' problem. I think anyone who has run their own business would be sympathetic with that.
It does seem strange though, if again the stories of a two year waiting list are true, that they would close the Patchway plant, when that is surely generating real income for the company. This implies expenses are wildly out of control, or debt is?
It is also somewhat ironical that the servicing and parts business is considered the one worth saving in the interim, that the old Bristol community might, in the short term at least, be giving the old firm some hope?
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