The associated companies of Fairhurst Ward Abbotts Limited (“the Company”) are wholly owned subsidiaries of Fairhurst Ward Abbotts Limited and the directors of the associated companies will soon be taking steps to liquidate these companies with the assistance of Jamie Taylor and Kirstie Provan of Begbies Traynor, joint administrators of Fairhurst Ward Abbotts Limited. The duly appointed liquidators will deal with any assets and contracts in due course, and look to conclude unresolved issues to maximise potential recoveries.
The purpose of seeking an extension to the administration early on was a commercial decision to keep administrative costs to a minimum. With the extension approved at an early stage, Jamie Taylor and Kirstie Provan of Begbies Traynor, as joint administrators of Fairhurst Ward Abbotts Limited, will have the ability to commence and deal with longer term strategies in respect of certain actions which vest within the estate. Further details cannot be provided of what these may be at this stage as they are sensitive and could prejudice any potential recoveries.
The Company’s freehold premises, a unique converted church in Dartford, Kent, is presently on the market and further details can be obtained from www.eddisons.com or www.glenny.co.uk.
Jamie is a fellow of the Society of Practitioners of Insolvency, a member of the Institute of Directors, a fellow of the Insolvency Practitioners Association and a member of the Institute of Credit Management. He established Taylor Gotham & Fry in 1991, now the Southend office of Begbies Traynor. Jamie is experienced in all insolvency matters.