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Operators hit by WHL liquidation

1st August 1991, Page 12
1st August 1991
Page 12
Page 12, 1st August 1991 — Operators hit by WHL liquidation
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Which of the following most accurately describes the problem?

/ Hauliers are among creditors owed nearly £90,000 following the winding up of Lancashirebased WHL Container Transit last week.

The company had assets of £24,250 which liquidator Guy Huntingdon will realise to pay creditors.

Preferential creditors, including the Customs, are owed £10,000, so hauliers may get a small dividend from the remainder. However, payment is dependent on realisation of the assets: mainly trailers which will be sold and debts which Huntingdon will attempt to collect.