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End of the line for DMH • Northamptonshire tipper operator DMH Bulk Services has gone into liquidation ovnng £235,000.

2nd April 1998, Page 8
2nd April 1998
Page 8
Page 8, 2nd April 1998 — End of the line for DMH • Northamptonshire tipper operator DMH Bulk Services has gone into liquidation ovnng £235,000.
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Which of the following most accurately describes the problem?

The company, based in Earls Barton, was formed in 1992; its failure is being blamed on a combination of bad debts ahd unprofitable contracts.

It had recently taken on a number of contract drivers as full-time staff.

The joint liquidators—Neil Marshman of Pannell Kerr Forster and Robin Addy of Cork Gully—held a creditors' meeting on 10 March.

Marshman says: "Although creditors are owed a lot of money, I am confident that we should be able to pay a reasonable dividend to them in due course."

DMH had half-a-dozen vehicles on work for a number of customers, including Securicor.


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