PBC are delighted to announce the sale of the business and assets of a long-standing construction company that was suffering as a result of contract delays. The company was initially placed into creditors’ voluntary liquidation in late April and was sold to an independent third party on 16 June 2022 in a move that enabled a number of former employees to be re-hired. The sale will also ensure that a significant return will be made to each class of creditors in due course.
Liquidator, Gary Pettit said, “It is always pleasing to be able to save a business and ensure the continuity for employees, customers and suppliers. This is an example of what can be achieved when directors seek advice at the appropriate time and I would like to thank all those involved in securing the sale.”
If you require any advice or assistance on any insolvency-related issue, then please contact PBC Business Recovery & Insolvency to discuss and advise on your situation on 01604 212150 or email to firstname.lastname@example.org. Alternatively, visit www.pbcbusinessrecovery.co.uk for further information.