Jonathan Taylor, Insolvency Practitioner at T H F R, was appointed Liquidator of M&L Tooling Limited at a meeting of shareholders held on 13th December 2016. M&L Tooling was a long established, local business specialising in the manufacture of bespoke products.
It’s disappointing to witness well respected, local family businesses struggling, but again reminds us how difficult it is a sustain a viable business, particularly in the manufacturing sector in his country. The bulk of the company’s assets, comprising various plant and machinery have been sold to another local, unconnected firm. We wish them, as well as the former management of M&L, all the best for the future.
Queries regarding this case should be forwarded to Nicola Roberts, who is also based at our Burnley office.
T H Financial Recovery work with both individuals and businesses in financial difficulty. If your business is facing problems and you need advice on the options available, such as new funding, business restructuring or help with insolvency, give us a call to arrange a FREE, no obligation consultation. We handle both informal and formal insolvency work, including:
Business Assessment and Restructuring, New Funding Options, Creditor negotiation and time to pay arrangements, Company and Individual Voluntary Arrangements (CVAs & IVAs), Administration, Liquidation, Bankruptcy.
Tel: 01282 332222