AT THE HEART OF THE ROAD TRANSPORT INDUSTRY.

Call our Sales Team on 0208 912 2120

Supergun haulier in a cash crisis

24th May 1990, Page 6
24th May 1990
Page 6
Page 6, 24th May 1990 — Supergun haulier in a cash crisis
Close
Noticed an error?
If you've noticed an error in this article please click here to report it so we can fix it.

Which of the following most accurately describes the problem?

• The company at the centre of the Iraqi "Supergun" affair which sub-contracted Paul Ashwell is on the brink of going into voluntary liquidation.

Bedford-based abnormal load specialist Michael Cave is meeting creditors on 5 June to decide its future.

Insolvency practitioner Maurice Dorrington says the firm has debts of £500,000 — orders have dropped "considerably" since the outbreak of the Supergun controversy, he adds.

Ashwell himself could be on his way home soon following the recommendation by the Greek prosecution that the case against him should be dropped.

But Peter Goff, of the Friends of Paul Ashwell campaign is not yet satisfied: "It's a step in the right direction — but we haven't got him home yet, and what's going to happen to his truck?"