2 minutes reading time (336 words)

DS (Slaughterhouse) Limited

Variety is the spice of insolvency life but on 26 January 2018 Maureen Leslie received an unusual and relatively rare appointment when she became interim liquidator of DS (Slaughterhouse) Limited.  The appointment was made by HM Revenue and Customs.

Elaine Ramage, mlm’s corporate senior manager, and Daniela Coia, an assistant manager in the corporate team,  attended the premises in Dunblane when the court order arrived in our Glasgow office. 

Elaine, who is a vegetarian, found  to her dismay, that the company was still trading, her arrival on site coinciding with a delivery of pigs.  She made a call to the office to advise Maureen of the position. 

When a company is still trading, an insolvency practitioner will usually assess whether it should continue to do so as a going concern sale will generally provide a better return to creditors than a break up sale will.   DS (Slaughterhouse) was a family run business which had been trading for 40 years and providing slaughtering services for traditional family butchers across central Scotland and as far north as Oban and Pitlochry.  However, it was fairly clear that a combination of regulatory and environmental risk factors would not allow us to continue in this case - to say nothing of the pigs, which our on site staff insisted could be heard squealing.  The Company employed 10 staff many of whom had been with the Company since the outset.  All staff had to be made redundant.

The directors advised that the Company had traded successfully for a number of years however; latterly a combination of foreign meat imports and cheaper supermarket prices had a damaging financial effect on small abattoirs.

Our team at mlm can respond quickly to appointments across a wide range of sectors.  Our thanks go to Elaine and Daniela for dealing very efficiently with a challenging assignment.  If you are a creditor, or if you have a client who is owed money which is proving difficult to collect, we’d be happy to talk to you about your options. 

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