Ball told PrintWeek he had not given up hope of selling the business
as a going concern.
‘At the minute, because we’re only one full day away from when we closed the
business, we effectively have got a going concern still; although day-by-day
that disappears,’ he said.
But prospective buyer
which pulled out of sales talks with TL Visuals because of the company’s debts,
said the odds were against a sale.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies