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TOPIC: Optical Express Saved by founder David Mou(l)sdale

Optical Express Saved by founder David Mou(l)sdale 26 Jul 2013 00:19 #21

"Those tough trading conditions saw a subsidiary called Optical Express (Southern) put into administration in October with the loss of 40 stores."

Dear Mr Mouldsale, please explain how it is that your 123Leeds/OE Southern patients left with damaged eyes are fed bull*** that you are in administration yet you are still trading?!


Not completed :) 24 Jul 2013 00:23 #22

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Let's hope RBS & government are listening to MBE campaigners who have made their feelings known wherever possible today :whistle:

David Mou(l)sdale 'playing' RBS & taxpayers 23 Jul 2013 17:33 #23

  • Insider
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Don't be fooled, Moulsdale was in control all the way through his latest game.

Stephen Hannan also overheard mentioning OE have a flashy brand new Glasgow HQ - what have the RBS got to say about this?

Foul deeds will rise!

Royal Bank of Scotland 22 Jul 2013 09:19 #24

  • Mr Starburst
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If RBS have seen this site I think there's no way they'd want to keep extending finance to OE because 'the writing's on the wall'.

Optical Express Scam 21 Jul 2013 21:45 #25

  • InthebusinessnotOE
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RBS is owned by the taxpayer - you and I take the loss !!!
RBS should consider in both the taxpayers' and the public's interest and seize control of the company.

Optical Express Saved by founder David Mou(l)sdale 21 Jul 2013 10:54 #26

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"David Mousdale has bought all the debt that the firm owes to the Royal Bank of Scotland and injected more money into the High Street chain.

The bank had refused to lend Optical Express any more money.

The Glasgow-based firm said it was now in a "highly secure position for continued growth".

Optical Express - which has about 93 stores and 54 consultation centres - owed more than £30m to RBS and asked for a further loan in order to pay staff, according to the Sunday Times.

The largely state-owned bank refused and threatened to seize the firm and sell it to recoup its debts

"David has agreed to acquire the entire debt owed to RBS by Optical Express and will inject significant working capital into the group, positioning it in a highly secure position for continued growth," a spokesman for the company said."

Who will fund the RBS loss - the same people who are footing the bill when OEs damaged patients have to seek help from the NHS!!!

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