Not Ranked
COYS
The site was advertised in the Daily Telegraph on Saturday and worked fine on Monday but had gone offline on Tuesday. The gist of it was that some UK auction houses (H&H, Barons - check out the letter from NatWest on the H&H website) ring-fence client funds so that if they go bust clients are not at risk. The Coys subsidiary that went bust did not do this, but is itself ring fenced from the other companies trading as 'Coys' so they can carry on as if nothing had happened. If this is correct no doubt it will come out in court. If it is not correct it may be a reason why the website is now offline!
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