The site is now going into administration, which means that creditors are not likely to be paid. The Yard has attracted much work from local businesses, which are going to be hit hard by this decision, as they are owed thousands. One has already gone under earlier this year. Very cynically, operators Camcal calmly announced that going into administration would make the Yard a much more attractive proposition for prospective buyers, as there would be no debts to pay off.
Monday, 4 December 2006
Arnish Fabrication Yard
The site is now going into administration, which means that creditors are not likely to be paid. The Yard has attracted much work from local businesses, which are going to be hit hard by this decision, as they are owed thousands. One has already gone under earlier this year. Very cynically, operators Camcal calmly announced that going into administration would make the Yard a much more attractive proposition for prospective buyers, as there would be no debts to pay off.
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I do feel bad for the retail businesses owed thousands. That does not seem right at all. Gerry
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