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Anger as brothers whose firm went bust owing millions are back in business

A pair of brothers who paid themselves hundreds of thousands of pounds while their building firm went bust leaving suppliers owed millions are back in business, to the fury of their creditors. Meanwhile liquidators have identified transactions made in the firm’s dying days which still require further investigation, more than two years after the company

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Building firm collapses owing £1.7m and is left with just £10,000 to pay people back

The directors of a building firm, which collapsed owing £1.7m have already set up another company under an almost identical name sparking anger from creditors. Bespoke Norfolk Ltd, based in Hunstanton, went into liquidation at the start of May, with the directors, Ben Day and Stuart Deadman, blaming the impact of coronavirus. A document drawn

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Bury-Based Manufacturer Goes Back into Administration

Stanref International (2017) Limited, a Bury-based manufacturer of pressure vessels and heat exchangers, appointed administrators this week. The business was bought out of administration last October but has been unable to secure occupation on its site in Bury’s Northern Way and ran out of time negotiating on another site. Director Adrian Howlett said: “Things were

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Biotica goes into administration

Drug discovery company and Cambridge University spin-out, Biotica Technology, has gone into administration. Based at Chesterford Research Park, the company has been working on polyketides, drug-like molecules produced by micro-organisms in soil, with the aim of finding new treatments for deadly diseases. Chris McKay and Andrew McTear of McTear Williams & Wood were appointed joint

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Failed entrepreneur held up as example for Europe

The European Commission is championing a Norfolk entrepreneur who controversially took his company through a pre-pack administration, leaving creditors owed £2.3m. Brussels has declared it wants more “second chance” entrepreneurs like Mike Smith from engineer Derrick Services to tackle the European tendency to punish honest business failures. It wants to echo the United States approach

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