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Trailer firm sells site and assets

29th October 1992
Page 13
Page 13, 29th October 1992 — Trailer firm sells site and assets
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Which of the following most accurately describes the problem?

• West Sussex-based manufacturer Fromant & Son (Trailers) has gone into receivership after selling its Arundel premises and some plant and machinery to an undisclosed buyer.

Receiver, Worthing-based Levy Gee & Partners, says Fromant has exchanged contracts and is due to complete by 31 December. The buyer, which is rumoured to be a haulier, will not take over Fromant's debt.

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Locations: West Sussex, Worthing

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