Liquidated Concord Transport’s creditors unlikely to get paid
19th January 2012, Page 11
19th January 2012
Page 11
Page 11, 19th January 2012
— Liquidated Concord Transport’s creditors unlikely to get paid
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Keywords :
Bankruptcy, Insolvency, Business, Finance, Private Law, Corporations Law, Unsecured Debt, Unsecured Creditor, Secured Creditor, Liquidation, Business / Finance
COVENTRY FREIGHT forwarder Concord Transport has gone into liquidation with unsecured creditors unlikely to be paid. The firm appointed liquidators from Cranfield Business Recovery on 4 January. In its statement of affairs, it estimates there are about eight other unsecured transport firms owed more than £42,000 of the outstanding £80,000.
Allen Panter, director of local haulage and recruitment firm Anglo Agents, says it was chasing Concord director Marie Torrie for the £2,000 it is owed. “We knew she was struggling but we didn’t know how much.” Nuneaton-based Greyhound Transport (Midlands) is estimated to be owed the largest amount for an unsecured creditor: £17,358. Greyhound MD Selina Carter declined to comment.