Opus appointed Administrators of £8m turnover Milton Keynes civil engineering company
June 23, 2016
Steve Parker and Trevor Binyon have been appointed as Administrators of Swimboard Limited after a £4.75m debt burden forced the company to cease trading. Report by Laurence Kilgannon for Insider Media:
“The construction sector in general is under growing financial pressure, so the failure of Swimboard is not entirely surprising in such a low margin and competitive industry,” said joint administrator Steve Parker.
“We still hope to get a successful outcome from our negotiations with the company’s clients, so that the creditors can see some recovery but it is still too early to be sure that this can be achieved.”