A company providing a service analysing the composition of waste for local authorities across the UK, and the government’s waste and recycling agency, has ceased trading and gone into liquidation. Paul Harding and Graham Down, of tri group, have been appointed as Joint Liquidators.
Often one of the major obstacles preventing SMEs from growing, or in some cases surviving, is the lack of available finance. Even those with the right credit history don’t always get the help they need from the major banks.
The government has today announced that it will not be changing the legislation on pre-packs in administrations after all. Pre-packs, or pre-packaged business sales, have always been controversial. In essence, they involve placing a company into administration and the business being immediately sold, often to the current management.