Eight employees will be made redundant from the company, based in Haddington,
near Edinburgh, which has an annual turnover of £3.9m, according to The
KPMG said the Corsie Group had suffered from cash flow pressures, stemming
partly from difficult trading conditions and a write down in stock levels.
‘The joint administrators are currently examining the company’s affairs,
although it is too early at this stage to confirm the likely outcome for
creditors,’ it said.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies