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3rd September 1992, Page 12
3rd September 1992
Page 12
Page 12, 3rd September 1992 — End of the line
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Which of the following most accurately describes the problem?

• General haulage firm CMT (Transport) has gone into liquidation owing more than £500,000. The Wakefield-based operator's biggest creditor, the VAT office, has held CMT's nine vehicles and trailers in lieu of an £89,000 debt.

Liquidators O'Hara and Company says the company has no assets to sell. It was bought by the current directors from its previous owners in 1989.