Begbies Traynor Group

When Compulsory Liquidation can reap rewards


The assets of a 39-year-old family business were bought out of provisional liquidation by a new company, enabling manufacturing to restart with potentially around 30 new jobs. After being placed in liquidation, lack of cash flow made trading impossible with regrettably, no option but for the factory to close and all staff to be made redundant. The team in Scotland generated a welcome level of interest through a targeted marketing campaign, swiftly completing a deal and avoiding major disruption to product supply. This successful outcome saw the factory reopen and new jobs created.

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