How the fuck can Thomas Cook owe nearly a billion quid?

( Monty Boyce, My cheese game is strong, Tue 22 Nov 2011, 11:43, 3 replies, latest was 14 years ago)

i dunno mr i narrowly avoided bamkruptcy, how can thomas cook owe nearly a billion quid?

(Quintno EXPERIMENT RUINED CANCELLED, LEFT 4EVER, Tue 22 Nov 2011, 11:45, Reply)

WHEN ITS A JAR
HAHAHAHAHAHA
(Quintno EXPERIMENT RUINED CANCELLED, LEFT 4EVER, Tue 22 Nov 2011, 11:45, Reply)

Do they?

( Davros' Granddad a voice of calm reason in a world of spastics., Tue 22 Nov 2011, 11:45, Reply)

Apparently. Makes my sixty grand look like fuck all, eh?

( Monty Boyce, My cheese game is strong, Tue 22 Nov 2011, 11:47, Reply)

that's all quentin's going to earn in 5 years though
don't mock it
( rachelswipe with a fork, Tue 22 Nov 2011, 11:48, Reply)

I've just had a look.
Christ on a spacehopper.
( Davros' Granddad a voice of calm reason in a world of spastics., Tue 22 Nov 2011, 11:49, Reply)

thing is
people pat themselves on the back with glee when they save £100 by buying online. which is understandable for the individual, but fucks over the travel agencies - and they employ so many people and have so many premises rented on the high street etc.

would be a massive problem for landlords and employees if TC went down.
( rachelswipe with a fork, Tue 22 Nov 2011, 11:51, Reply)

I'm not going to feel sorry for companies with outmoded business models though.

( scarpe We Stole Bikes, Tue 22 Nov 2011, 11:53, Reply)

Travel Agents tend to fuck over the hotels and apartments as well, though.
The people who's apartments we stay in on Kos were with Airtours, until they realised that they were being paid the same flat rate per night all season, but that Airtours were hiking up the cost of a package holiday to ridiculous levels depending on when the peak bookings hit (i.e. school holidays), and they weren't benefiting from it.
( Davros' Granddad a voice of calm reason in a world of spastics., Tue 22 Nov 2011, 11:54, Reply)

They sound like mongs in fairness

( Light In Chains maker of the ikea sofa, Tue 22 Nov 2011, 11:57, Reply)

Sixty grand?
Fucking hell Monty, it's worse than I thought. How the fuck....?
(Reverend Fister "a disciplined fuckwit", Tue 22 Nov 2011, 11:51, Reply)

At one point I was forced to pay my mortgage on a credit card.
That alone was nearly four grand in as many months. Once it starts spiralling it's amazing how quickly it gets that bad.
( Monty Boyce, My cheese game is strong, Tue 22 Nov 2011, 11:56, Reply)

Bloody hell
I sincerely hope you get things sorted soon.
(Reverend Fister "a disciplined fuckwit", Tue 22 Nov 2011, 11:58, Reply)

It's done.
I have a repayment agreement with my creditors that is fucking painful but just about doable. For the first time in ten years I should be able to live within my means. It's fucking shit.

Thanks, by the way.
( Monty Boyce, My cheese game is strong, Tue 22 Nov 2011, 12:00, Reply)

That's good
So how long till they're off your back?
(Reverend Fister "a disciplined fuckwit", Tue 22 Nov 2011, 12:04, Reply)

Five long years.
At the end of that I am obliged to remortgage my home and pay them a lump sum. Then I am free to start doing it all over again.

Hopefully I am jesting here.
( Monty Boyce, My cheese game is strong, Tue 22 Nov 2011, 12:18, Reply)

I hope for your sake that you are too.

( Davros' Granddad a voice of calm reason in a world of spastics., Tue 22 Nov 2011, 12:22, Reply)

I hope so too
But isn't remortgaging just taking on another debt?
(Reverend Fister "a disciplined fuckwit", Tue 22 Nov 2011, 12:25, Reply)

Too many Thomas Cook holidays, I'll wager.

( Davros' Granddad a voice of calm reason in a world of spastics., Tue 22 Nov 2011, 11:56, Reply)

I did go to Cyprus and to Skiathos on borrowed money
as my ex asked me along so I could spend time with my daughter. That's another couple of grand of the total.
( Monty Boyce, My cheese game is strong, Tue 22 Nov 2011, 11:58, Reply)

They bought dinner and drinks in Norway?

( scarpe We Stole Bikes, Tue 22 Nov 2011, 11:48, Reply)