Bridge liquidator appointed to Ensign Craft

Bridge liquidator appointed to Ensign Craft

Bridge liquidator Alex Cadwallader called into Ensign Craft, the events company behind the European and National Powerboat championship races

Competitors at Harwich Powerboat Festival

Bridge Business Recovery partner Alex Cadwallader has been appointed
liquidator to events management business Ensign Craft.

Cadwallader was appointed following a decision from sole director Barbara
Spraggons to place the business in a creditors’ voluntary liquidation.

Ensign Craft was the events company behind the Harwich Powerboat Festival.
The festival was established to host the European and British National Powerboat
championship as well as evening concerts.

However, powerboat racer Ian Stirling died in an accident on the water at the
end of July during a championship race. The accident damaged ticket sales.

Cadwallader said: “The accident led to a substantial loss of revenue for
Ensign Craft from which it was unable to recover. It is highly likely that if
the tragic event hadn’t occurred, the company wouldn’t have made these losses or
been placed into liquidation.”

Barbara Spraggons is the largest creditor having loaned the company more than
£100,000.

Further reading:

Bridge
Recovery liquidators called in to Sixty UK

FRP
took on £11m of debt from

BDO
liquidators appointed to Kiss Flights

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource