C H Seymour Limited, the electrical retailer in East Sussex, was placed into liquidation on 15 February 2011, having ceased trading on 28 January 2011.
Ian Vickers and Chris Stevens of FRP Advisory LLP, the specialist restructuring, recovery and insolvency firm with a location in Sussex, were appointed Joint Liquidators.
Ian commented: "Further to our instruction on 28 January 2011 and a review of the Company’s finances, due to the extent of its liabilities, it was not feasible to attempt to rescue the Company and liquidation was regrettably the only option."
"Following our appointment as Joint Liquidators to C H Seymour Limited on 15 February 2011, we will now take steps to realise the assets of the Company for the benefit of its creditors."
About FRP Advisory
FRP Advisory LLP (frpadvisory.com) is focused on creating, preserving and recovering value for its clients.
The firm offers a comprehensive suite of services to the mid-market and financial community. These focus on enhancing the performance of businesses, as well as saving businesses in distress.
Services include: commercial & asset finance, corporate insolvency, restructuring, independent business reviews, interim management & placement services, personal insolvency & advisory, creditor services, insolvency investigation services and banking live-side support.
With 28 partners and 200 staff, FRP Advisory is one of the largest restructuring, recovery and insolvency firms in the UK, operating out of nine regions including: East Midlands, Eastern Region, Kent, London, Northern Home Counties, North West, South West, Sussex and West Midlands.