THE scheme for the resurrection of the unfortunate Enfield Autocar Company proposed by the voluntary liquidator Mr TD Neal, did not go through.
Indeed its chance of success was from the first only a very small one.
Autocar Company shares are not standing very high just now, the money market is somewhat tired and when investors are sure even of paying concerns its surely to be expected they will show much eagerness to come to the help of a concern which has had such an unfortunate career.
advertisement
And under the bargain offered by Moor Mill was a splendid one, and could have been made very profitable.
The purchase price fixed for the assets valued at about £60,000, was £18,000, leaving £11,000 as working capital.
This did not seem much for a concern which showed a loss of £19,000 in a little over a year and a half, but it has to be taken into account that the assets were largely represented by cars nearly or quite finished, which could be quickly turned into cash, and that the company had many really good orders open on its books.
If you liked this article and would like to share it with others on the web who might be searching for good content we've made it easy for you to do it.
At the bottom of all articles, you'll see links to six sites. These sites - commonly called 'social bookmark' or 'social news' sites - have large communities of web users who share and rate interesting, useful and fun things on the web.
Clicking the links will automatically add the address of the story you are reading to one of these sites, letting you share it with others. Each site will ask you to register to share stories. Registration is free and once a member, you can store, recommend and search for stories that interest you.
Print
Email this
