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Fairclough has been given the heave ho, replaced by that inveterate hanger on Bower as company secretary. Gives one the impression Fairclough has been about as useless for Whalsay as he was for XER, if they had found funding or a partner why would he leave. No sign of either as yet. Let's see how his cv update on LinkedIn reads as to his Whalsay job 'success'.
https://beta.companieshouse.gov.uk/company/04560068/filing-history
TBH It's that one I would dearly like to see get his just deserts.
Just the small question of whether anything can justify lying to a man with a terminal illness when you know that's his situation.
So much for the solidarity of fellow "master mariners".
IMO the option of saying "I can't answer that" was available so why do it unless the years of being around those that think it's OK becomes contagious.
I still wonder quite how it was that the liquidator signed it all off in quite the way he did.
I can think of several possible reasons, starting with setup going way back that 'persuaded 'the liquidators to sign off the way they did. I thought Bower was the only master mariner on the executive, Fairclough was ex Forces. By the way, clearly demonstrating his future perception of remaining at Whalsay, he has moved on to pastures new, Serinius/Romania will now have the benefit of his 'expertise', proactive, hands on approach.. Jmo..
https://www.morningstar.co.uk/uk/news/AN_1579781080578046500/serinus-energy-hires-former-whalsay-energy-cfo-fairclough-to-same-role.aspx
Correction, Serinus..
Serinus are listed on Aim I'm sure their shareholders would love to know how we got on with Fairclough.
Thats OK Deano , but be prepared for a torrent of abusive as was heaved out towards myself & Ceiling Cat etc when we had the tumerity to question the Bod here!
Under AIM rules under their appointment notification Serinus had to declare to their shareholders Faircclough's past involvement with a dissolved company, XEL, that owed creditors £125m never mind the additional loss to it's shareholders.
http://serinusenergy.com/wp-content/uploads/2020/01/2020-01-23-Serinus-Energy-CFO-Appointment-Final.pdf
Yes HB you are right about who the only person is to hold that, he appears to have all the qualities of the average leech. I know they used to read these BB's so I hope that that certain person might pop in for a read and remember Tony. As for Fairclough I'm not surprised with all his bluster that he managed to find another pond. He added zero to XEL but then upon reflection I'm not even sure if they ever really intended to do much more than draw their large salaries and perks and it looks pretty much like it "situation normal" at Whalsay. Having said that I'm quite happy to see them working through the bondholders cash. Lets hope that the company he has landed at deserves him :)
Yes, looks like the lucky bondholders are going to have to replenish the Whalsay coffers. More importantly for them lease time is drawing to an end so how will their friends in OGA react to once again undertakings made and broken. Going back to DECC days of 2011 and how XEL was shafted by them then this does not show huge competence on their part in the intervening years in facilitating Bentley moving to production.