A Preston sportswear company that supplied the British gymnastics team has gone into voluntary liquidation.
Milano Pro-Sport, based in Bow Lane in the city, has manufactured leotards for the team since 1996 and has been described as a leading supplier of gymnastics clothing in the UK.
The business, which began life in 1991, entered into voluntary liquidation this week following a review of its operations and financial position.
In a statement, its majority shareholder, AIM-listed investment business CEPS, said: “The board of Milano has concluded that it is no longer commercially viable for the company to continue trading.”
Business recovery expert Moorfields Advisory has been appointed to help place the company into creditor’s…