Failed Metal Company Owes Creditors Pounds 1.2m After Collapse

Daily PostMay 10, 2010

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Summary


A SHEET metal fabricator has left debts of nearly pounds 1.2m, after administrators were unable to find a buyer. Knowsley-based Metalbuild collapsed days after its 13th birthday in February with the loss of 35 jobs.

Joint administrators Paul Flint and Brian Green, of accountants KPMG, had initially hoped to sell the business to Metalbuild's directors and management team. But a deal failed to materialise, forcing the business to close.

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Failed Metal Company Owes Creditors Pounds 1.2m After Collapse

The administrators said: "Given the nature of the customer base of the business, we beca...

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