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Manchester company debt advice customer goes into liquidation

Date Added: 02/11/2010  

A Manchester-based logistics firm needing company debt advice has gone into liquidation after amassing £100,000 in debts over four months.

Pioneer Logistics saw the amount it owed to HM Revenue and Customs soar to £100,852 after missing three payments of deferred PAYE, VAT and duty, Road Transport reported.

The Trafford Park business, which has an O-licence for 13 vehicles and six trailers, called in joint liquidators Steven Draine and Michael Finch of Moore Stephens on October 16th 2010 to dismantle the business.

A statement of affairs published by the liquidators also showed that the company debt advice company owes substantial sums elsewhere, with debts to unsecured creditors of £400,201 and a deficiency of £318,722.

A business trading under the name of Pioneer Logistics International has since been set up by two of the businesses directors.

Recently, company debt advice customer Dave James Group took to its Twitter account to announce the closure of its haulage arm, blaming European legislation and the cost of fuel on the decision.

Posted by Miles Pritchard  

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