Two York firms enter liquidation with debts over £600,000
Summarised from 2 outlets · Updated 22 Oct, 06:08 · Archive
Two related businesses near York have entered creditors' voluntary liquidation with combined debts exceeding £600,000.
Two related businesses near York have entered creditors' voluntary liquidation on 22 September with combined debts exceeding £600,000. Quickfix (York) Ltd was a construction and installation company with a deficit approaching £400,000. Quickfix@home (York) Ltd was a furniture retailer with a deficit approaching £250,000. Both were registered at Escrick Business Park with Gary Russell Hill, 59, as sole director. BTG Begbies Traynor (Central) LLP was appointed liquidator.
Quickfix (York) Ltd, formed in 2022, had realisable assets of only £100 against liabilities of £389,865.78. Staff were owed £3,953.30 in arrears and holiday pay, with pension contributions of £3,510.00. HMRC was owed £136,500 in VAT and PAYE. Unsecured creditors, to be paid last, were owed £245,912.48 in total, including £59,702.64 to trade creditors, a director's loan of £115,000, business loans of £46,419.32, and customer deposits of £15,155.68.
Quickfix@home (York) Ltd reported realisable assets of £10,250 with HMRC owed £2,500 in VAT among preferential creditors.
How it is being reported
- Two firms near York in liquidation with debts exceeding £600,000Two related businesses based at Escrick near York have entered a creditors’ voluntary liquidation with debts exceeding £600,000 between them.Gazette & Herald (Malton) · 22 Oct, 05:00
- Two firms near York in liquidation with debts exceeding £600,000Two related businesses based at Escrick near York have entered a creditors’ voluntary liquidation with debts exceeding £600,000 between them.York Press · 22 Oct, 05:00
In this story: Quickfix (York) Ltd · Quickfix@home (York) Ltd · Gary Russell Hill · Escrick · York · BTG Begbies Traynor (Central) LLP
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