A LIQUIDATOR has been appointed for Winsham-based building firm KDJ Slade & Sons after a creditors’ meeting last Wednesday (December 11).
Lameys will look after the liquidation of the company, which closed its doors on November 26 after 67 years of trading.
The closure affected four directors and 29 other staff who are all submitting claims to the Government’s redundancy payments office in a bid to regain more than £300,000 which they say is owed to them in total.
Simon Hicks, of Lameys, said: “It would be nice to think they would be able to process those claims before Christmas.”
Lameys say the company’s records show there is in the region of just over £1million in unsecured creditors, but the exact amount will be confirmed as part of the liquidators’ investigations, which also include statutory duties, such as looking at the conduct of directors.
The main part of the process should take six to nine months, but it could take up to two years to complete the whole liquidation process, including collecting any outstanding debt.
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