A Whitby construction company has gone into liquidation with debts of more than £300,000.
Ivy Construction Limited of Armandene, Stainsacre Lane, entered a creditors voluntary liquidation on August 13.
The Stockton-on-Tees-based Begbies Traynor (Central) LLP was appointed liquidator.
A report known as a statement of affairs has been published by Companies House outlining the debts.
RECOMMENDED READING:
The report says the business, which was incorporated in 2013, had £434 cash in the bank as assets available for distribution to creditors.
However, there were preferential creditors – those who are paid first – who were owed £6,430. These were staff owed holiday pay.
This gave a deficiency of £5,996 available to secondary preference…