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PK awaits verdict pending accounts
Page 36
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• A licence bid by P K Excavations & Plant Hire, a company formed by the directors of two failed companies, has been adjourned by North Western Deputy Licensing Authority John Levin pending the production of up-todate audited accounts.
The Levenshulme, Manchester-based company had applied for a new national licence for seven vehicles and one trailer. The directors, Paul Rogers and Michael Clancy, had been involved with P&A Rogers (Builders), which was liquidated in 1986, and John Kimberley Construction (1984), liquidated in 1988.
Levin said accounts produced for the first six months to 30 November 1987 showed fixed assets of 266,813, work in progress of 230,000, trading and sundry debtors of 232,000, cash in hand of £2,000 — and a bank overdraft of £643,000.