With the benefit of hindsight, it might perhaps have been sensible to have included the phrase "Not for Publication" on the letter that was sent out. Indeed, it might be better not to have mentioned the CVA at all if it had not already been entered into by the PLC. Once you issue letters such as this, it is extremely difficult to prevent the news spreading like wildfire. It then becomes impossible to 'put the genie back in the bottle'. This situation would not have helped the PLC's ability to manage their finances during the winter shutdown period if suppliers were suddenly to become jittery about allowing them the normal credit terms.