There is now a chat forum where questions etc can be posted. A much better alternative than me trying to keep on top of all the emails. I will however continue to inform and coordinate those who want to remain totally anonymous.
Many Many Thanks to Peter!
PS I will no longer be able to edit in advance what goes on here so please respect the rules of the Forum and no accusations, threats or slanders that may prejudice our action.
PPS Almost forgot the link !
http://allbanyandmirasol.forum-motion.com/
Also see :-
http://forums.contractoruk.com/general/51473-albany-having-problems.html
Try and redirect people to our dedicated forum and BLOG if they are interested.
Friday, February 5, 2010
GENERAL INFORMATION
5th FEB 2010 16:39 GMT
I will try to get the mailing lists oragnised this weekend. I received about 35 new contacts today so it will take me some time to trawl through them. Think of something else and have a good weekend !!!
6th FEB 2010 09:45 GMT
Here is a link to the UK Contractor forum :-
http://forums.contractoruk.com/general/51473-albany-having-problems.html
Don't forget our dedicated forum :-
http://allbanyandmirasol.forum-motion.com
Please join this.
I will try to get the mailing lists oragnised this weekend. I received about 35 new contacts today so it will take me some time to trawl through them. Think of something else and have a good weekend !!!
6th FEB 2010 09:45 GMT
Here is a link to the UK Contractor forum :-
http://forums.contractoruk.com/general/51473-albany-having-problems.html
Don't forget our dedicated forum :-
http://allbanyandmirasol.forum-motion.com
Please join this.
Some Albany Companies In Administration (UPDATE)
Sadly, Albany Technologies has or is now going into administration, I guess this means all UK companies will as expected. This news comes in a Letter from Shelley Ecclestone.
The Albany Group are seeking Administration for the following companies.
Albany EMEA Ltd
Albany Employment Services Ltd
Albany Management UK Ltd
Albany Technologies
The note tells people therefore not to contact the company until the Administrators have been appointed.
Although expected, it is still shocking and sad news.
I am sorry for everybody involved ! Thanks Peter.
The Albany Group are seeking Administration for the following companies.
Albany EMEA Ltd
Albany Employment Services Ltd
Albany Management UK Ltd
Albany Technologies
The note tells people therefore not to contact the company until the Administrators have been appointed.
Although expected, it is still shocking and sad news.
I am sorry for everybody involved ! Thanks Peter.
Albany & Von Essen
You may wish to see this link. Thanks Robert.
http://uk.linkedin.com/in/raycwalker
http://uk.linkedin.com/in/raycwalker
Thursday, February 4, 2010
EMAILS - PLEASE READ
There are so many email addresses now I am not sure I have everybody on the mailing list. I have sent an email out this evening 4th FEB 2010. If you didn't receive one then you are not on the list. Please email me again with the subject heading ADD TO LIST.
Mirasol Letter
IMPORTANT NOTICE
I have edited this Blog in light of the comments made below ! Please let me know if I write anything that can be construed as illegal or unethical or even hurtful. This site is for information sharing only and not to defame or cause distress TO ANYONE and that includes current or past employees of Albany or Mirasol, please help in this.
UPDATE: People are now being told by Sarah Morrey that the Mirasol money will be paid, this is the opposite of what Martin Glick is saying.
With regard to the Letter from Sarah Morrey today on behalf of the Directors of Mirasol.
I think from this letter that things are slightly better than some people have been saying i.e the fund has not been plundered.
Mirasol was not as disconnected from Albany as I was lead to believe and I was shocked to hear that :-
1) it is at the Directors discretion whether money can be distributed to members! So what is the motivation to distribute now other than goodwill !
2) This company is registered in Turks and Caiscos Islands ! Why are the telephone numbers in Switzerland???? I thought that this was basically an off-shore Bank Account at RBS.
There is an indication in the letter with regard to Legal Action being stopped, I saw this action going against RBS not Albany. I think this is very sad position to take at this stage.
I should have investigated this more at the beginning , sadly I didn't.
Here is a link to the letter in the forum :-
http://allbanyandmirasol.forum-motion.com/albany-group-and-mirasol-communications-f4/letter-from-mirasol-dated-03-02-2010-t12.htm#12
Does anybody know who the Directors of Mirasol are?
Please send comments in the usual way.
I have edited this Blog in light of the comments made below ! Please let me know if I write anything that can be construed as illegal or unethical or even hurtful. This site is for information sharing only and not to defame or cause distress TO ANYONE and that includes current or past employees of Albany or Mirasol, please help in this.
UPDATE: People are now being told by Sarah Morrey that the Mirasol money will be paid, this is the opposite of what Martin Glick is saying.
With regard to the Letter from Sarah Morrey today on behalf of the Directors of Mirasol.
I think from this letter that things are slightly better than some people have been saying i.e the fund has not been plundered.
Mirasol was not as disconnected from Albany as I was lead to believe and I was shocked to hear that :-
1) it is at the Directors discretion whether money can be distributed to members! So what is the motivation to distribute now other than goodwill !
2) This company is registered in Turks and Caiscos Islands ! Why are the telephone numbers in Switzerland???? I thought that this was basically an off-shore Bank Account at RBS.
There is an indication in the letter with regard to Legal Action being stopped, I saw this action going against RBS not Albany. I think this is very sad position to take at this stage.
I should have investigated this more at the beginning , sadly I didn't.
Here is a link to the letter in the forum :-
http://allbanyandmirasol.forum-motion.com/albany-group-and-mirasol-communications-f4/letter-from-mirasol-dated-03-02-2010-t12.htm#12
Does anybody know who the Directors of Mirasol are?
Please send comments in the usual way.
Wednesday, February 3, 2010
Recruiter Article Links
These are the links to the articles in Recruiter, expect more soon as I spoke to their Jouro over the last few days ! Many Thanks Peter !
http://www.recruiter.co.uk/story.aspx?storycode=1003980&PageNo=1&SortOrder=dateadded&PageSize=50#comments
http://www.recruiter.co.uk/story.aspx?storycode=1004084&PageNo=1&SortOrder=dateadded&PageSize=50#comments
http://www.recruiter.co.uk/story.aspx?storycode=1003980&PageNo=1&SortOrder=dateadded&PageSize=50#comments
http://www.recruiter.co.uk/story.aspx?storycode=1004084&PageNo=1&SortOrder=dateadded&PageSize=50#comments
Legal Contact
UPDATED 4TH FEB 2010 @ 19:30 GMT
The current situation is that we have been warned away from continuing this action as the Directors of Albany and Mirasol wrestle with presumably RBS as to who owns the fund. I will be seeking advice on the letter sent by Mirasol and the status of the "Fund" as it is not what most of us believed it was. This has clearly disturbed many people.
Below is the contact for anybody interested in joining me :-
Joe Speakman
Trainee Solicitor
For and on behalf of
Irwin Mitchell LLP
IM Business - Commercial Litigation
2 Wellington Place
Leeds
LS1 4BZ
Direct Tel: 0113 218 6459
Direct Fax: 0113 234 3322
joe.speakman@irwinmitchell.com
www.irwinmitchell.com
Joe is the main point of contact, his Boss has handled some of the largest Fraud cases in the UK.
The current situation is that we have been warned away from continuing this action as the Directors of Albany and Mirasol wrestle with presumably RBS as to who owns the fund. I will be seeking advice on the letter sent by Mirasol and the status of the "Fund" as it is not what most of us believed it was. This has clearly disturbed many people.
Below is the contact for anybody interested in joining me :-
Joe Speakman
Trainee Solicitor
For and on behalf of
Irwin Mitchell LLP
IM Business - Commercial Litigation
2 Wellington Place
Leeds
LS1 4BZ
Direct Tel: 0113 218 6459
Direct Fax: 0113 234 3322
joe.speakman@irwinmitchell.com
www.irwinmitchell.com
Joe is the main point of contact, his Boss has handled some of the largest Fraud cases in the UK.
Introduction
I am a long time Albany Contractor as some or most of you ! This makes me one of the biggest losers in both Mirasol and Albany payments.
Most of you are aware that the basis of Albany's business' are ( or at least was ) to assist contractors like ourselves to assist in the administrative process of being paid in the UK or worldwide with the added advantage of using Mirasol to distribute payments as necessary for those who elected to do so for either Tax efficiency or delayed Tax payments as in my case.
Albany as far as I was aware conducted business on this basis and was and could have continued to be a successful business. They had good staff and systems in place to help us out at home and abroad and I had little cause for complaint.
The beginning of the downfall and our problems are yet to be clarified but, it seems, that Albany ( in my interpretation ) wanted to act like a Bank, using what is effectively an overdraft to fund lending to large corporations with extended payment terms. This Bank, RBS immediately pulled the funding on this discovery. They could have slowly wound down this facility but chose not to, this is not in line with what the British Government would like Banks to do, however, it is their right according to contract.
I spoke to Martin Glick ( Albany MD) last Friday and he told me that he stands to lose everything he has worked for to build Albany up over the last 20 years or so and with great emotion. He struck me as an honest and hard working individual. His stance ( thus far ) which I have no reason to disbelieve ) was that he tried his best to keep the company afloat and pay as many people as possible.
This tactic has most likely failed.
That said, I know from the emails received so far we are talking over 1 million Euro's disappeared from Mirasol ( according to respondents ) and many thousands from missed payments and that is so far.
I have contacted one of England's largest Legal Firms ( Irwin Mitchells ) to help me, this does not come cheap at a time where we have been impoverished through no fault of our own. This office based in Leeds has handled very large cases of this type.
I will proceed on my own in any case, anybody else who feels that we should join in this endeavour should consider the following advice. For me only, the cost of an analysis of the situation is about £1000, to go to trial ( should it come to that ) is around 25,000 pounds ( fees paid on success ) . I am advised if it goes to trial, there is money to be recovered anyway. If we decide to work in concert, then fees will be split between us.
We do not need to proceed to Trial and we can start by finding out what has happened to our money and what we can do about it.
DO TWO THINGS :
1) Decide if you want to join me. Then let me know ! ( MirasolAlbany@googlemail.com )
2) Let other INJURED people know that we are acting if you can.
General Notes
There has been much talk about which company has gone into administration, does it matter ! It will not be long before the whole Albany Group in the UK are in trouble. Who is paying them anything?
Mirasol is one of the accounts RBS has seized according to Albany, I have been told that there is little chance of getting money from it by Martin Glick, whether it is registered in the UK or not we can still initiate proceedings to find out the true situation.
Most of you are aware that the basis of Albany's business' are ( or at least was ) to assist contractors like ourselves to assist in the administrative process of being paid in the UK or worldwide with the added advantage of using Mirasol to distribute payments as necessary for those who elected to do so for either Tax efficiency or delayed Tax payments as in my case.
Albany as far as I was aware conducted business on this basis and was and could have continued to be a successful business. They had good staff and systems in place to help us out at home and abroad and I had little cause for complaint.
The beginning of the downfall and our problems are yet to be clarified but, it seems, that Albany ( in my interpretation ) wanted to act like a Bank, using what is effectively an overdraft to fund lending to large corporations with extended payment terms. This Bank, RBS immediately pulled the funding on this discovery. They could have slowly wound down this facility but chose not to, this is not in line with what the British Government would like Banks to do, however, it is their right according to contract.
I spoke to Martin Glick ( Albany MD) last Friday and he told me that he stands to lose everything he has worked for to build Albany up over the last 20 years or so and with great emotion. He struck me as an honest and hard working individual. His stance ( thus far ) which I have no reason to disbelieve ) was that he tried his best to keep the company afloat and pay as many people as possible.
This tactic has most likely failed.
That said, I know from the emails received so far we are talking over 1 million Euro's disappeared from Mirasol ( according to respondents ) and many thousands from missed payments and that is so far.
I have contacted one of England's largest Legal Firms ( Irwin Mitchells ) to help me, this does not come cheap at a time where we have been impoverished through no fault of our own. This office based in Leeds has handled very large cases of this type.
I will proceed on my own in any case, anybody else who feels that we should join in this endeavour should consider the following advice. For me only, the cost of an analysis of the situation is about £1000, to go to trial ( should it come to that ) is around 25,000 pounds ( fees paid on success ) . I am advised if it goes to trial, there is money to be recovered anyway. If we decide to work in concert, then fees will be split between us.
We do not need to proceed to Trial and we can start by finding out what has happened to our money and what we can do about it.
DO TWO THINGS :
1) Decide if you want to join me. Then let me know ! ( MirasolAlbany@googlemail.com )
2) Let other INJURED people know that we are acting if you can.
General Notes
There has been much talk about which company has gone into administration, does it matter ! It will not be long before the whole Albany Group in the UK are in trouble. Who is paying them anything?
Mirasol is one of the accounts RBS has seized according to Albany, I have been told that there is little chance of getting money from it by Martin Glick, whether it is registered in the UK or not we can still initiate proceedings to find out the true situation.
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