The liquidator stated the corporate ‘confronted unsustainable money movement pressures that in the end made continued buying and selling not possible’.
A plumbing agency has entered liquidation (file picture) (Picture: Getty)
Ten employees have been made redundant after a UK plumbing agency entered liquidation. Centurion Plumbing Providers (Scotland) Ltd had struggled with cashflow pressures, liquidators stated.
The corporate, based mostly in Muir of Ord within the Scottish Highlands, reportedly stopped buying and selling on March 31. Its web site is now not working and its standing on Corporations Home is listed as ‘liquidation’. Richard Bathgate, of Johnston Carmichael LLP, was appointed interim liquidator for the corporate final month.
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Talking round a few weeks in the past, he stated: “Our speedy precedence is to help former staff in processing their claims by the Redundancy Funds Service.
“We’re dedicated to serving to them entry the statutory entitlements and precedence funds they’re owed as rapidly as attainable.
“The corporate confronted unsustainable money movement pressures that in the end made continued buying and selling not possible.
“We are actually within the means of realising the corporate’s remaining property and investigating its monetary affairs.”
All 10 of Centurion Plumbing Providers (Scotland) Ltd’s employees have been made redundant, Press and Journal reported.
The corporate, based in 2015, supplied plumbing and heating providers throughout northern Scotland, together with areas resembling Inverness and Fort William.
It had each home and industrial prospects, and its graduation of winding up was April 21, in accordance Corporations Home.
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