Haulier's 'scandalous trading history'
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• A former haulage contractor, Kenneth McBridge, aged 30, of Mill St., Liverpool, admitted liabilities of nearly £11,000 at Liverpool Bankruptcy Court on March 28.
"It is a long time since I heard such a scandalous trading history," said Mr R. W. F. Pagan, the official receiver.
Assets of only £10 were available and at present there was a £9962 deficiency, with a possible additional claim of £952, Mr Pagan told the registrar, Mr J. Tegid Jones.
It was stated that Mr McBridge began the haulage business in 1963 without any previous experience, and using money borrowed from his mother. By May 1965 he was insolvent but continued to trade. In March 1968 a friend became a partner and they had 10 lorries, although no more than four were ever on the road at any one time.
By February 1970 they were insolvent by £3680 and in January 1971 the partnership was dissolved. In July 1971 McBridge ceased trading but by January 1972 his debts had increased during the past two years by £7000, said Mr Pagan.
McBridge admitted that he had made tax and National Insurance deductions from his employee's wages but had not paid them to the correct department.