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Gone under

7th December 1989
Page 7
Page 7, 7th December 1989 — Gone under
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Which of the following most accurately describes the problem?

• Specialist bodybuilder CB Cottingham has gone into receivership. Receivers Ernst & Young hopes to sell the company as a going concern. Cottingham manufactures bodies and trailers for the police and fire services: last year's turnover was about 21.5 million. The company employs a workforce of 58.