Hello
suebutcherMany thanks for a succinct explanation there.
It would be interesting to research the collapse of HG Palmer and Pinnock.
I guess there were distinct differences.
Palmers was certainly about accounting standards; whereas Pinnock seems to
have involved deliberate fraudulent activity.
Both disasters seem to have involved companies that were
rapidly expanding
beyond their means. A good account of the
Palmer failure has been told in the book
Corporate Collapse.
https://catalogue.nla.gov.au/Record/2420184The
Pinnock collapse defrauded investors on a wider scale and it received
more publicity in the UK than here.
The think is, HG Palmer mowers were no more.
Villager managed to continue selling - but without a national distributor.
It would have been a painful death for the once serious 1950s Victa challenger.
The rest is history.--------------------------------
Jack