Just Heard On The News City Link Have Gone Bust.

I'm amazed in these days of Internet shopping.  Competition must be fierce.

Never a nice time for this to happen for the workers but entering administration on Xmas Day? That has to be contrived, surely?  Given the volume of parcel traffic leading up to Xmas, the corporate customers will likely be paying their invoices in the New Year so the company is likely to have a high volume of debtor assets at the moment.  The timing of this smells fishy to me.