There accounts are overdue. Probs not in NOI as its not a Richardson company. owned by Eastwood
IEC are a 100% group member of wasps holdings
There are no charges registered against IEC so it is not part of any security given to bond or anyone else.
It deals with the conference and exhibition income side of the business which is operated by Delaware North. It about breaks even each year
is part of this whole shambles because owned by ACL directly 100% which is owned by wasps holdings 100%. Same situation for ACL 2006 ltd
it would be possible to extract that company from the wasps holdings group relatively easily if someone wanted to but i would suspect one of the larger creditors of wasps holdings group is Delaware North so a new owner might let that arrangement go
As it stands if a new owner wanted to hit the ground running then i would think that the only things they would want would be ACL 2006 ltd (for the head lease), the assets including current leases held by ACL (for the rights to income and stadium fixed assets) and IEC experience ltd to run it (assuming they dont have in house expertise to run it themselves)