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Minibus firm is £500,000 in debt

18th October 1990
Page 19
Page 19, 18th October 1990 — Minibus firm is £500,000 in debt
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Which of the following most accurately describes the problem?

• Minibus builder LHE Engineering of Eastleigh has gone into receivership with debts of more than ,2500,000. It still has orders which it hopes to sell on, and the company's 36 employees have been putting the finishing touches to vehicles still at the factory.