Business Closure Archives – Leading UK

Desire Marketing Norwich enters liquidation after cash flow problems

Traded Network Ltd, which also traded as Desire Marketing Norwich following an acquisition in  2016, has entered voluntary liquidation with Jamie Playford of Leading Corporate Recovery appointed as liquidator on 4 January 2018. The failure of the marketing and PR agency has resulted in redundancies of five staff and a loss to creditors of £150,000, of […]

By |2023-03-24T14:45:22+01:00January 19th, 2018|Business Closure|Comments Off on Desire Marketing Norwich enters liquidation after cash flow problems

Insolvency practitioner helping Norfolk plumbing and heating business

A Norfolk plumbing and heating business has become the latest construction-related business to fail, with creditors appointing Leading Corporate Recovery to manage the liquidation process. R.J. Drury Plumbing and Heating Ltd (“the Company”) was incorporated in 2008 and entered Creditors’ Voluntary Liquidation with Jamie Playford of Leading Corporate Recovery appointed as Liquidator on 8 November […]

By |2023-03-24T14:46:37+01:00November 20th, 2017|Business Closure|Comments Off on Insolvency practitioner helping Norfolk plumbing and heating business

Leading Corporate Recovery appointed liquidators of commercial painters, Figielpainting Ltd

Jamie Playford of Leading Corporate Recovery has been appointed by the shareholders and creditors of Figielpainting Ltd, a commercial painters based in Norfolk, to oversee the liquidation of the company’s assets following the closure of the business in August 2017. The company, incorporated in 2011, achieved a turnover of £750,000 in its penultimate year but […]

By |2020-12-22T11:17:02+01:00August 29th, 2017|Business Closure|Comments Off on Leading Corporate Recovery appointed liquidators of commercial painters, Figielpainting Ltd

Beccles-based John’s Joinery to close unless buyer found

Jamie Playford, an insolvency practitioner and director at Leading Corporate Recovery, is seeking a buyer for the business and assets of a Suffolk joinery business after the company suffered cash flow difficulties. John’s Joinery, trading from Gosford Road, Beccles, laid off its five employees on Monday 10 July citing serious cash flow difficulties as the cause of the […]

By |2023-03-24T14:48:39+01:00July 10th, 2017|Business Closure, Business Rescue|Comments Off on Beccles-based John’s Joinery to close unless buyer found

Successful Recovery of £175,000 from Directors of Failed Furniture Business

Following a three-year investigation and legal battle, Leading Corporate Recovery have recovered a total of £176,871 from three former directors of IPD Furniture Ltd, after cash was wrongly paid out of the company’s bank account at a time when the company was insolvent. The company, which was based in Dereham, Norfolk, was forced into Administration […]

By |2023-03-24T14:49:08+01:00April 30th, 2017|Business Closure|Comments Off on Successful Recovery of £175,000 from Directors of Failed Furniture Business

Davenport’s Magic Kingdom enters liquidation after legal dispute

  The magic-themed family attraction, Davenport’s Magic Kingdom, in North Walsham, has been placed into voluntary liquidation following a legal dispute. An ongoing dispute with a former consultant to the business resulted in a legal bill of almost £60,000 and as a result, the business was unable to continue trading and the directors took steps […]

By |2023-03-24T14:49:55+01:00February 28th, 2017|Business Closure|Comments Off on Davenport’s Magic Kingdom enters liquidation after legal dispute

Norwich joinery business folds after HMRC takes tough stance

Riverside Joinery Company Ltd, based on Barker Street in Norwich, has closed after a downturn in orders for its bespoke staircases and window frames. The closure, which resulted in 16 employees being made redundant, followed pressure on cash flow caused by a downturn in orders as management struggled to reduce costs any further. The business […]

By |2023-03-24T14:50:40+01:00February 28th, 2017|Business Closure|Comments Off on Norwich joinery business folds after HMRC takes tough stance
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