On 2007-06-19 13:49:52 +0100, ":Jerry:" said:


"Tony Bryer" wrote in message
...
On Tue, 19 Jun 2007 10:04:39 +0100 Tony sayer wrote :
Yep the local Focus in Cambridge is a bit of a morgue which is a
shame
really as its the only one over this side of town.. Still the land
on
which they are will be worth silly money, right next to the railway
station!....

You're assuming that they own the site and building, which is
unlikely.
If the value of the sites was more than the going concern value I
would
have expected the current owner to have closed down loss-making
stores
and sold off the site themselves rather than selling the whole lot
on.


But they would need be able to clear all their debts by doing so and
within a set period of time that is outside their control, the new
owners (having cleared the debts) can now do what they like in what
ever time scale they like.

Except that the drain cocks are still gushing in terms of costs.