Suffolk plumbing company faces liquidation

  • Posted

Posted 20/06/2012

Jobs are going to be lost in Suffolk as a result of the liquidation of a plumbing company.A meeting of creditors of Saunders Plumbing and Heating has been scheduled for next week, where the future of the organisation will be decided, reports the East Anglian Daily Times.Steven Law, restructuring and recovery partner at Baker Tilly, stated talks are ongoing with a potential new owner for the business, adding there may be some good news in the coming days.”Our role at the moment is to advise the company and convene the meeting of creditors. The company is utilising staff and – where not possible – subcontractors to complete outstanding works,” he said.However, he noted the members of staff have already been informed they are being made redundant, although some employees may be welcomed back if a buyer can be secured.The company was founded 50 years ago and offered services such as heating installations and boiler services.Luke Hibbert, an insolvency specialist at Ashtons Legal, adds: “Any business which is facing difficulties should seek advice at a very early stage as this improves the chance of a positive outcome.”Posted by Luke Hibbert


    How can we help you?

    Please fill in the form and we’ll get back to you as soon as possible or to speak to one of our experts call
    0330 404 0749

    I accept that my data will be held for the purpose of my enquiry in accordance with Ashtons
    Privacy Policy

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

    How can we help?

    If you have an enquiry or you would like to find out more about our services, why not contact us?