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Not much Wiggall room for creditors

13th december 2012
Page 5
Page 5, 13th december 2012 — Not much Wiggall room for creditors
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Which of the following most accurately describes the problem?

GLOUCESTERSHIRE-based H Wiggall & Sons owed creditors an estimated £123,714 when it went into voluntary liquidation last month.

The Stroud-based haulier appointed joint liquidators Jason Elliott and Craig Johns of Cowgill Holloway Business Recovery in Manchester on 28 November.

At this point, the business owed an estimated £30,621 in VAT and £10,625 in PAYE to HMRC. According to the liquidator's statement of affairs report at Companies House, the haulage firm faces a shortfall of £29,141 in regards to meeting its obligations to creditors.

H Wiggall & Sons was incorporated in 1979 and has an 0-licence for eight vehicles and four trailers.