Lindley Pate collapses under competition
Trailer supplier to the equine industry calls in administrators from Beever & Struthers
Insolvency practitioners from Beever & Struthers are to be recruited to
the administration of agricultural company Lindley Pate.
Frances Henshaw and Charles MacMillan are to be appointed administrators and
are currently advising the company directors to place the business in a
Creditors Voluntary Liquidation later this week.
The company was established in 1912 and posted an annual turnover of £2.8m in
the last financial year.
They company, which made all seven staff redundant, previously provided
trailers to the agricultural and equine industries.
Frances Henshaw, corporate recovery and insolvency senior manager at Beever
and Struthers, said: “The demise of a business that has been trading for almost
100 years and the consequent loss of jobs is indeed sad news.”
“We’re proactively inviting buyers for its assets to come forward but in the
event of sales not being agreed, the assets could be sold at auction,” he added.
The company blamed increased local competition for the collapse of the
company.
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