Scarborough painting firm goes into liquidation with £70k debts

Summarised from 2 outlets · Updated 26 Oct, 06:01 · Archive

Scarborough painting company AS Painting Contractors has entered voluntary administration with debts exceeding £70,000. The company, based at 20 Esplanade and incorporated in 2019, went into voluntary administration on September 9. Directors Aaron Simpson, Andrew Simpson and Beverley Simpson are listed at Companies House.

Gateshead-based liquidation firm KRE (North) Ltd has been appointed to handle the administration. According to their statement of affairs, the business had estimated realisable assets of £10,330 in cash. HMRC is owed £3,509 as a secondary preferential creditor.

Unsecured creditors, who are paid last, are owed a total of £80,637.82. This comprises six trade and expense creditors owed £40,444.74 between them, and two banks or financial institutions owed £40,193.08. The company has an overall deficit of £73,917.82, including its issued and called up capital of £101.

How it is being reported

• North Yorkshire painting firm in liquidation owes more than £70,000Scarborough company AS Painting Contractors has gone into liquidation with debts topping £70,000.York Press · 26 Oct, 05:00
• North Yorkshire painting firm in liquidation owes more than £70,000Scarborough company AS Painting Contractors has gone into liquidation with debts topping £70,000.Gazette & Herald (Malton) · 26 Oct, 05:00

In this story: AS Painting Contractors · Scarborough · KRE (North) Ltd · HMRC · Aaron Simpson · Andrew Simpson · Beverley Simpson

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