Thomas Sopwith memorial

**Rabscallion** · 07-30-2019 08:38

Just for info chaps. King Somborne Church near Winchester UK has a memorial to Thomas Sopwith. He is buried in nearby Little Somborne

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Rob

**Windy Jack** · 08-01-2019 01:08

Very interesting. Thanks for posting.

**Naharaht** · 08-01-2019 20:49

Having a window honouring an aircraft designer and manufacturer must be somewhat unique. Thank you for sharing this with us, Rob.

**ReducedAirFact** · 08-05-2019 08:15

I think the phrase "went into voluntary liquidation while it could still pay its creditors" is a clear indicator of character, and I wonder how many business leaders today would take that path?

**Jager** · 08-05-2019 14:49

Originally Posted by ReducedAirFact

I think the phrase "went into voluntary liquidation while it could still pay its creditors" is a clear indicator of character, and I wonder how many business leaders today would take that path?

As I understand it, there wasn't a lot of choice. The UK government was imposing an excess profits duty of 80% by 1917, and the post-war demand for planes was satisfied with war salvage.
So with little fresh income, and crippling taxes, there goes Sopwith. But you're correct, Daryl, with no way out, cashing out with money to pay the creditors is the homorable way.

Karl