Date Published: 26th March 2019
Ian McCulloch and Dean Watson of Begbies Traynor have been instructed through Real Business Rescue, part of Begbies Traynor Group, to act as Joint Liquidators of C&L Sherrington Ltd, which trades as Virginia House Ulverston.
The Company ceased to trade with immediate effect on 19 March 2019 and will be formally placed into liquidation on 10 April 2019. Creditors were notified of the liquidation on 22 March 2019.
Following a detailed review of the financial position of the company, it was confirmed that it was insolvent and that steps should be taken to place it into a Creditors’ Voluntary Liquidation (CVL).
The company is unable to honour any bookings which may have been placed for accommodation or the restaurant. Gift voucher holders will be unable to receive a refund from the company due to its financial position and will rank as an unsecured creditor of the company.
Holders of gift vouchers should provide details of the amount of their voucher, name and address to Begbies Traynor ([email protected]) to ensure they are included in the list of creditors.
It is possible that credit and debit card providers may offer protection for payments made by customers for bookings or gift vouchers. Begbies Traynor advises such customers to make direct contact with their card provider to confirm whether such protection is available.
Dean is a Qualified Accountant (FCCA) and Licensed Insolvency Practitioner with over 25 years experience in the accounting profession. Dean joined Begbies Traynor in 1999 after spending 10 years working in general audit and accountancy practice. Based in the Manchester and Preston offices, he has worked on a variety of assignments including formal insolvency appointments and providing advice to various stakeholders in situations where financial distress is present.
Dean has gained significant experience in the Legal Sector after dealing with a number of distressed Legal and other professional services firms in recent years and jointly heads up the North West Professional Services team.
As well as business reviews and formal insolvency appointments, practical solutions and hands on turnaround assignments have also been one of Dean’s main focuses. This has generally been in support of high street clearing banks and other financial institutions.