£1,538 Deficiency in 10 Months
19th August 1960, Page 29
19th August 1960
Page 29
Page 29, 19th August 1960
— £1,538 Deficiency in 10 Months
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ANOTTINGHAM haulier had a deficiency of £1,538 when his business closed after only 10 months. it was stated at a meeting of his creditors in Nottingham last week. He was Alwyne Stone, 71 Oaker Avenue, Darley Dale, Notts, whose assets were expected to produce £13, compared with liabilities of £1,551 19s. 8d.
Last August, Stone opened Messrs. Keystone Transport, and it closed on June 15. A receiving order and order of adjudication were made on his own petition on July 18. Stone alleged his failure was due to insufficient work, which was coupled with heavy hire-purchase instalments.
A public examination will take place on September 20.
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NOTTINGHAM