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Administrators fail to recover cash from collapsed Linfoot operation

10th July 2009

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Lumiere

Lumiere

ADMINISTRATORS handling the collapsed Yorkshire property group KW Linfoot have told creditors they have failed to recover much cash from the business.

In their final report Gary Blackburn and Paul Whitwam, of Leeds-based BWC Business Solutions, admitted that the objective of administration had not been achieved due to "insufficient asset realisations".

The company will now move to a company voluntary liquidation in the coming weeks handled by joint liquidators Mr Blackburn and Paul Stanley of ......for the full story register now for free or login below...


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Anyone know if the deposits for Lumiere were held in an escrow account?

Mark Hudson

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