Firm forced to close
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• Lancashire-based Orwell Freight closed this week with debts of about £75,000.
Liquidator Mitchell Charlesworth of Manchester was expected to tell creditors yesterday (1 March) that the ill health of owner Cyril Taylor had led to the decline of a "very satisfactorily trading medium family business" with a turnover of nearly Lim a year.
The Wigan-based company had lost some business as a result of Taylor's health and had started to lose money. The owners decided to wind up the company with a creditors' voluntary liquidatIon alter attempts to sell it failed. Vehicle leasing companies and the company's landlord are the major creditors; no subcontractors are thought to be owed money.
Orwell Freight's staff of up to 20 people, including directors, have been dismissed; the 15-20 vehicles have been returned to the vehicle leasing companies.
"This is not a bad case of insolvency," says Geoffrey Weisgard of Mitchell Charlesworth. "Some losses have been incurred but the owners have done everything they should have when they should have."