PC Harrington Contractors Ltd has experienced difficult trading conditions since the economic downturn and has recently suffered from a number of loss making contracts. This led the business, which does not have any direct employees, to cease trading shortly prior to the appointment of administrators.
The administrators will concentrate their efforts on realising value for the company’s assets, which are primarily contract debts.
The company also owns the shares of one of the group’s subsidiaries, Slipform International Ltd, which is outside of the insolvency process and continuing to trade under the control of its existing management, as are the other companies in the PC Harrington Group.
Any parties interested in the company’s assets should contact Tony Rudkin, KPMG, on 0207 694 1851.
Alastair Henry, Citypress (on behalf of KPMG)
T: 0161 235 0320
KPMG Press office: +44 (0) 207 694 8773
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KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 12,000 partners and staff. The UK firm recorded a turnover of £1.9 billion in the year ended September 2014. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 162,000 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. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.