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23 Sep 2010
PwC administrators David Chubb and Graham Frost have been appointed joint administrators of international architectural business Archial and its subsidiaries.
The group entered administration after a last minute request to creditor HMRC to withdraw a winding-up petition was rejected.
It had previously announced in an August trading statement that it had held discussions with HMRC and other creditors to repay its debts in full.
However, ahead of a scheduled meeting with HMRC on 21 September, Archial discovered that the taxman had filed a winding up petition.
The business requested a suspension of shares on AIM last week.
Archial directors and administrators believe the business can be sold as a going concern.
Further reading:
PwC accused of conflict issues in Keydata administration
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