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Fox is still trading

30th March 1985, Page 9
30th March 1985
Page 9
Page 9, 30th March 1985 — Fox is still trading
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Which of the following most accurately describes the problem?

DONALD FOX, of the Fox Freight clearing houses, is building up another company in Scotland doing similar work.

The firm, Orion Freight Services, has taken offices at 11 Woodstock Street (also known as Grange Place), Kilmarnock, and moved in two months ago. The firm was set up more than a year ago and originally traded from Yorkhill Quay, Glasgow, but lay dormant for several months, Mr Fox told CM last week.

Mr Fox set up Orion along with his brother Alan, who ceased to be a director in January and now has no connection with transport.

Meanwhile creditors of Fox Freight (Glasgow) and Fox Freight (Southern) have been notified by the liquidator of a creditors' meeting in Glasgow on April 11.

Around 750 creditors have been invited, according to Spicer Watson of Renfield Street, Glasgow, which is handling the liquidations. There is likely to be some duplication, and the total number of firms owed money is around 500, a spokesman said.

Two other firms, Fox Freight (Irvine) and Fox Freight (Leeds) still exist. Donald Fox has asked Spicer Watson to liquidate the companies, but this has been refused.

Spicer Watson would re-consider its decision were a creditor prepared to meet the cost of the liquidation or if it was shown that there were enough funds within the company, the spokesman said.

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Locations: Glasgow, Leeds

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