United Kingdom

Details

  • Service: Advisory
  • Type: Press release
  • Date: 21/06/2012

Administrators called in to Shropshire-based Nesscliffe Services 

 

Richard Philpott and Mark Orton from KPMG were appointed administrators to Nesscliffe Services on 15 June 2012.

 

The independent service station which is located along the A5 between Nesscliffe and Oswestry in Shropshire employs 8 people. No redundancies have been made

 

Richard Philpott, joint administrator at KPMG said: “Historically, the business has been loss making and with the current level of bank debt it is no longer a viable proposition.

 

“We continue to trade the business while we seek a going concern sale, that will deliver a different funding structure, and we remain hopeful that a future can be secured for the business.”

 

ENDS

 

For further information please contact:-

 

Julie Marshall, Senior Corporate Communications Manager – Midlands

Tel: 0121 232 3177

Mobile: 07887 633677

Email: Julie.marshall@kpmg.co.uk

 

About KPMG:

 

KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with over 11,000 partners and staff.  The UK firm recorded a turnover of £1.7 billion in the year ended September 2011. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 152 countries and have 145,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  KPMG International provides no client services.

 

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