McAllisters goes into liquidation owing Urn
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SURREY RECOVERY operator McAllisters Recovery has been placed into liquidation, owing nearly £2m. The operator ceased trading last month (CM 25 July), blaming an "unviable public sector contract" for its collapse.
Director Mark McAllister told CM that the company closed one site and opened two more when it took on the contract in 2011. He claimed the public sector contract
delivered "about a third" of the money it had promised, causing the company to struggle to pay an overhead of "around £300,000 per year" for the two sites. Liquidator Jeffery Brenner of B&C Associates was appointed at a creditors meeting on 1 August. A spokesman for B&C said it is still trying to realise the firm's assets to establish how much money will be available to creditors. The company's statement of affairs
revealed that it owed an estimated total of £1,954,650 as at 1 August.
Signif icant creditors include the Royal Bank of Scotland, which is owed £100,526; property consultants BK Knowles, owed £58,576; Jones Lang Lasalle, which is owed £46,228; and Aviva Insurance UK, owed £30,652. It also owes HMRC £131,162 in PAYE and national insurance contributions, as well as £185,993 in VAT.