Smart Homes, based on the Queensway Link Industrial Estate in Stafford Park, Telford, entered voluntary liquidation owing £40,000 because it said the costs of chasing an unpaid bill were too high.
The administrators said Smart Homes was never paid for one of its jobs, and couldnt afford court action to reclaim it.
It is believed two jobs have been lost.
The company, which carried out the development of building projects, was owed in excess of £10,000 by one client, and without that money the company struggled to complete other jobs or pay its creditors.
Now Smart Homes will be wound down by liquidators at Silke & Co. It ended up making a loss of around £40,000.Spokeswoman Catherine Lee-Baggaley, one of the liquidators, said: The com…
Read the full article at: https://www.shropshirestar.com/news/business/2017/08/29/telfords-smart-homes-is-in-liquidation-after-client-refuses-to-pay-10000/
