Tartan Bairn Posted September 26, 2014 Share Posted September 26, 2014 Anyone fancy setting up some crowd Surfing for our Michelle? MICHELLE Mone’s bra firm MJM International have plunged almost £300,000 into the red. Papers filed with Companies House show funds available to shareholders have collapsedfrom £493,382 in February 2013, to minus £287,168 at the end of December. The accounts also reveal that Mone had to pump some of her own cash into MJM – famous for the Ultimo bra brand – in the form of a £40,915 loan. And the f irm are also facing “unknown costs” in relation to a legal case involving a former employee. Mone, 42, insists the figures have no bearing on the Ultimo brand as MJM have ceased trading and been consumed by her new firm Ultimo Brands International. She said: “Ultimo now operates under the trading name Ultimo Brands International. “The company’s balance sheet is in a strong position and the business is on target to return to profitability next year. “I am incredibly excited about the future of Ultimo.” Accounts for Ultimo Brands – of whom Mone owns 49 per cent – show the firm have £3.3millionof shareholder funds. The new company are 51 per cent owned by Sri Lanka-based Mas Holdings. They provided Mone with a cash injection to save Ultimo after the business hit the rocks in the wake of her split from former husband Michael. Quote Link to comment Share on other sites More sharing options...
deecie Posted September 26, 2014 Share Posted September 26, 2014 Will this Newco still lay claim to the old Cups? Quote Link to comment Share on other sites More sharing options...
jockodile Posted September 26, 2014 Share Posted September 26, 2014 Too many answered questions, this uncertainty is damaging Quote Link to comment Share on other sites More sharing options...
Colkitto Posted September 26, 2014 Share Posted September 26, 2014 She is to "smart businesswoman" as Julian Clary is to heavy engineering Quote Link to comment Share on other sites More sharing options...
mariokempes56 Posted September 26, 2014 Share Posted September 26, 2014 Aye tits up right enough. Quote Link to comment Share on other sites More sharing options...
ShedTA Posted September 26, 2014 Share Posted September 26, 2014 Will this Newco still lay claim to the old Cups? :lol: Quote Link to comment Share on other sites More sharing options...
ShedTA Posted September 26, 2014 Share Posted September 26, 2014 Anyone fancy setting up some crowd Surfing for our Michelle? MICHELLE Mone’s bra firm MJM International have plunged almost £300,000 into the red. Papers filed with Companies House show funds available to shareholders have collapsed from £493,382 in February 2013, to minus £287,168 at the end of December. The accounts also reveal that Mone had to pump some of her own cash into MJM – famous for the Ultimo bra brand – in the form of a £40,915 loan. And the f irm are also facing “unknown costs” in relation to a legal case involving a former employee. Mone, 42, insists the figures have no bearing on the Ultimo brand as MJM have ceased trading and been consumed by her new firm Ultimo Brands International. She said: “Ultimo now operates under the trading name Ultimo Brands International. “The company’s balance sheet is in a strong position and the business is on target to return to profitability next year. “I am incredibly excited about the future of Ultimo.” Accounts for Ultimo Brands – of whom Mone owns 49 per cent – show the firm have £3.3million of shareholder funds. The new company are 51 per cent owned by Sri Lanka-based Mas Holdings. They provided Mone with a cash injection to save Ultimo after the business hit the rocks in the wake of her split from former husband Michael. Sounds like she is keeping abreast of the situation. Quote Link to comment Share on other sites More sharing options...
faddyisyerdaddy Posted September 26, 2014 Share Posted September 26, 2014 Looks like she will go bust sooner rather than later Quote Link to comment Share on other sites More sharing options...
ParisInAKilt Posted September 26, 2014 Share Posted September 26, 2014 She should move to London, less nippy there in winter Quote Link to comment Share on other sites More sharing options...
joe545 Posted September 26, 2014 Share Posted September 26, 2014 Looks like she will go bust sooner rather than later Well she is in the bust business after all. Quote Link to comment Share on other sites More sharing options...
Scotty CTA Posted September 26, 2014 Share Posted September 26, 2014 Will this Newco still lay claim to the old Cups? Aye tits up right enough. Looks like she will go bust sooner rather than later Very good! Quote Link to comment Share on other sites More sharing options...
jockodile Posted September 26, 2014 Share Posted September 26, 2014 Trains run south from Glasgow or Edinburgh every hour if you are trying to avoid the taxman. Oh hang on, I, ve boobed we are still the same country. Quote Link to comment Share on other sites More sharing options...
sbcmfc Posted September 26, 2014 Share Posted September 26, 2014 I'm sure it's just a storm in a D cup. Quote Link to comment Share on other sites More sharing options...
irnbruman Posted September 26, 2014 Share Posted September 26, 2014 At least Mone will have some lovely mammories to look back on. Quote Link to comment Share on other sites More sharing options...
Kittymeister Posted September 26, 2014 Share Posted September 26, 2014 She must feel a bit of a diddy. Quote Link to comment Share on other sites More sharing options...
Auld_Reekie Posted September 26, 2014 Share Posted September 26, 2014 Uplifting. Quote Link to comment Share on other sites More sharing options...
fishcumnock Posted September 26, 2014 Share Posted September 26, 2014 Good ! Quote Link to comment Share on other sites More sharing options...
HIGHTOWER 1314 Posted September 26, 2014 Share Posted September 26, 2014 she is making a right tit of herself again. Quote Link to comment Share on other sites More sharing options...
jockodile Posted September 26, 2014 Share Posted September 26, 2014 She should have joined Business for Scotland, might have learned a few useful titbits from more clued up business leaders Quote Link to comment Share on other sites More sharing options...
dan cake Posted September 26, 2014 Share Posted September 26, 2014 Would Quote Link to comment Share on other sites More sharing options...
stirlish Posted September 27, 2014 Share Posted September 27, 2014 Some peolpe like her, but she does have her knockers! Quote Link to comment Share on other sites More sharing options...
Flora MaDonald Posted September 27, 2014 Share Posted September 27, 2014 I do love things going tits up. Especially when that cow's involved. Quote Link to comment Share on other sites More sharing options...
ronaldhinos dentist Posted September 27, 2014 Share Posted September 27, 2014 Michelle mone. The woman who banged on about the yes vote being bad for business, whilst her own business was going down the tubes and needed financial assistance under the glorious union!!!! It beggars belief she still had the brass neck to spout the stuff she did knowing all this would spill out like double d's in a b cup...... Quote Link to comment Share on other sites More sharing options...
fishcumnock Posted September 27, 2014 Share Posted September 27, 2014 Udderly upset , stop milkin it ! Quote Link to comment Share on other sites More sharing options...
MKScot Posted September 27, 2014 Share Posted September 27, 2014 she is making a right tit of herself again. There's the business problem - needs to make a left one as well Quote Link to comment Share on other sites More sharing options...
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