What is the link between Woollams Moira Gaskin O’Malley, which went into receivership with debts of 900,000 last week, and the collapsed Bank of Credit & Commerce International, which went bust in 1991 with debts measured in the billions?
Both were popular and successful in their own worlds; both had glamour, bright reputations and apparently bright futures.
But it is not this that binds their destinies. It is that they share a receiver, Stephen Akers, appointed with Tony Houghton as the joint administrative receiver at WMGO.
Where Akers will find the time to attend to WMGO is a mystery. He is still based at BCCI Touche Ross, the body unravelling the affairs of the infamous bank.