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User Name Thread Name Subject Posted
Rain Dog BS Thomas Cook in Liquidation 22 Sep 2019 (75* d) RE: BS-Obit: Thomas Cook in Liquidation 22 Sep 2019 25 Sep 19

Jim Carroll posted "This is down to Brexit and you are making excuses for that fact"

No it is not down to Brexit.

Brexit will have played a small part in it, no doubt, but the problems with Thomas Cook have been going on for a number of years.

In 2011 it seems they had about 2bn of debt. Reports seem to suggest that at the point of collapse they had a debt of 1.6bn. I imagine that the debt amount might well turn out to be a lot bigger once the dust has settled.

You cannot simply blame everything on Brexit.

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