quote:The undersoil heating was ordered and a deposit paid a couple of weeks ago, I think the figure quoted as a deposit in a letter to The Courier from spokesman Niall Scott last Friday was £34,000.
The widely quoted ten point penalty has nothing to do with the subject of undersoil heating. While it can’t be guaranteed that the CVA will be approved at the creditors meeting on May 26th indications are that it will be and if that’s the case we won’t be subject to the ten point penalty. That won’t mean that Dundee are fully out of administration, that’s likely to be January 2005, but they will have made the moves necessary to avoid the penalty.
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David Young
Administrator