NOVEL NEXT Rebirth of England.
Chapter 004 Going Bankrupt?
"So, we're going bankrupt?"
In the study room of Chatsworth Manor, Barron put down the financial report in his hand, looked at the two people in front of him and said.
"Although it won't go bankrupt, if we can't get back the money we invested in the 'London Star', then I'm afraid we will need to sell off most of our assets in order to meet the bank's loan. By then..."
The person who spoke to Barron was Julia Moore, the administrator of the Cavendish Family Trust Fund. She is a woman who exudes mature charm.
However, although Yulia has a great figure, even wearing a women's suit, it is difficult to hide her body curves, but at this time, Barron has no intention to pay attention to this. He needs to understand the current situation of the Cavendish family as soon as possible. the real situation.
Having said that, the reason why Barron’s grandmother, the old lady in the family, has such prestige is mainly because she is good at management. Initially, after World War II, she saved Cavendi by changing her business ideas. Most of the Xu family's assets.
Barron's grandfather, the 20th Duke of Devonshire, faced huge inheritance taxes at the time. With the help of the old lady, through more than [-] years of hard work, he opened Chatsworth Manor, one of the few remaining estates in England. The super estate allows the public to visit, and undertakes various activities and filming to make profits to pay off the inheritance tax.
Many people have watched the British TV series "Downton Abbey" that later became very famous, and I am afraid they are deeply impressed by the Downton Abbey in this TV series.
But the land at Chatsworth Manor owned by the Duke of Devonshire family covers an area of 3.5 acres. What is this concept?
It is seven times the area of Highclere Castle, where "Downton Abbey" was filmed, and is equivalent to half of London!
Therefore, it can be said that Chatsworth Manor is far larger than the magnificent manor in "Downton Abbey", so after it is opened, it can also bring certain benefits to the family.
Even so, the entire family will only make a slight profit and will only maintain it.
Because in addition to Chatsworth Manor, the family now owns two manors and adjacent lands in Ireland and Scotland...
After entering the new era, the output of these manors and land can no longer be easily squandered by such a family as before.
And the annual repair and maintenance costs of these manors can be said to be astronomical...
Since World War II, countless aristocrats have gone bankrupt and are unable to maintain their original luxurious lives, thus living in embarrassment. Now, there are fewer and fewer families that can continue the traditional "aristocratic pomp".
Those aristocratic families that can survive all have other industrial investments and can feed back traditional industries... What's more, the government's policies are becoming increasingly unfriendly to the aristocratic class, both in terms of taxation and policies. Unintentionally weakening the interests of the aristocratic class.
Therefore, the Cavendish family also tried to invest in some emerging industries later - but unfortunately, it seems that the two generations of Barron's grandfather and father did not have much investment in emerging industries. Strong ability, but there have been a lot of losses, large and small.
But if that were just the case, I'm afraid the Cavendish family wouldn't have fallen into Barron's current situation.
The problem lies in his late father, who somehow believed in the temptation of "high returns" and mortgaged many of his family's assets into an investment company called "London Star".
In the study room of Chatsworth Manor, Barron put down the financial report in his hand, looked at the two people in front of him and said.
"Although it won't go bankrupt, if we can't get back the money we invested in the 'London Star', then I'm afraid we will need to sell off most of our assets in order to meet the bank's loan. By then..."
The person who spoke to Barron was Julia Moore, the administrator of the Cavendish Family Trust Fund. She is a woman who exudes mature charm.
However, although Yulia has a great figure, even wearing a women's suit, it is difficult to hide her body curves, but at this time, Barron has no intention to pay attention to this. He needs to understand the current situation of the Cavendish family as soon as possible. the real situation.
Having said that, the reason why Barron’s grandmother, the old lady in the family, has such prestige is mainly because she is good at management. Initially, after World War II, she saved Cavendi by changing her business ideas. Most of the Xu family's assets.
Barron's grandfather, the 20th Duke of Devonshire, faced huge inheritance taxes at the time. With the help of the old lady, through more than [-] years of hard work, he opened Chatsworth Manor, one of the few remaining estates in England. The super estate allows the public to visit, and undertakes various activities and filming to make profits to pay off the inheritance tax.
Many people have watched the British TV series "Downton Abbey" that later became very famous, and I am afraid they are deeply impressed by the Downton Abbey in this TV series.
But the land at Chatsworth Manor owned by the Duke of Devonshire family covers an area of 3.5 acres. What is this concept?
It is seven times the area of Highclere Castle, where "Downton Abbey" was filmed, and is equivalent to half of London!
Therefore, it can be said that Chatsworth Manor is far larger than the magnificent manor in "Downton Abbey", so after it is opened, it can also bring certain benefits to the family.
Even so, the entire family will only make a slight profit and will only maintain it.
Because in addition to Chatsworth Manor, the family now owns two manors and adjacent lands in Ireland and Scotland...
After entering the new era, the output of these manors and land can no longer be easily squandered by such a family as before.
And the annual repair and maintenance costs of these manors can be said to be astronomical...
Since World War II, countless aristocrats have gone bankrupt and are unable to maintain their original luxurious lives, thus living in embarrassment. Now, there are fewer and fewer families that can continue the traditional "aristocratic pomp".
Those aristocratic families that can survive all have other industrial investments and can feed back traditional industries... What's more, the government's policies are becoming increasingly unfriendly to the aristocratic class, both in terms of taxation and policies. Unintentionally weakening the interests of the aristocratic class.
Therefore, the Cavendish family also tried to invest in some emerging industries later - but unfortunately, it seems that the two generations of Barron's grandfather and father did not have much investment in emerging industries. Strong ability, but there have been a lot of losses, large and small.
But if that were just the case, I'm afraid the Cavendish family wouldn't have fallen into Barron's current situation.
The problem lies in his late father, who somehow believed in the temptation of "high returns" and mortgaged many of his family's assets into an investment company called "London Star".
Tip: You can use left, right, A and D keyboard keys to browse between chapters.