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Veteran firm is closed by its shareholders

7th February 1991
Page 24
Page 24, 7th February 1991 — Veteran firm is closed by its shareholders
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Which of the following most accurately describes the problem?

• Shareholders of Northumberland-based coach operator HE Craiggs have voted to put the 72-year-old firm into liquidation.

Haines Watts Insolvency Services of Birmingham is seeking a buyer for the company's Radcliffe site, five remaining coaches and some of its contracts. The firm had gross debts of more than 2500, 000 (CM 24-30 January).