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DORSET HAULIER Hilborne Haulage has gone into liquidation, and creditors

25th November 2010
Page 8
Page 8, 25th November 2010 — DORSET HAULIER Hilborne Haulage has gone into liquidation, and creditors
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Which of the following most accurately describes the problem?

now fear they may not get a penny they are owed.

Ashok Bhardwaj, of insolvency practitioners Bhardwaj, was appointed to wind up the Gillingham business on It) November.

A statement of affairs estimates there is a total deficiency of almost 1.113,000 Surrey-based MTHL Fleet Services director Mark West says he doubts that it will receive the £17.000 it claims to be owed.

"The money is owed for repairs and leasing," he explains. "Our claim is in, but in reality I doubt very much that we will get anything."

West says it had a debt collection agency chasing the business and its director, Jonathan Hilborne, for the money, which was three months late.

He adds: "The question was, do we put them out of business three months earlier, or do we attempt to help them out of trouble?

"We are a small family-owned business and we do not like to see firms fail."

Hilborne was unavailable for comment.

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Locations: Surrey