Sea View Coaches liquidation sees creditors receive payout
CREDITORS hit by the collapse of the long-established Dorset firm Sea View Coaches have received the majority of what they were owed.
Source: dorsetecho.co.uk
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Sea View Coaches liquidation going ahead with payout to creditors
Seventeen people lost their jobs when Poole-based Sea View Coaches went into administration last April. The company, which started in the mid-1960s, had faced difficulties for several years before the Covid pandemic put paid to hopes of a rescue. The administrators who were appointed to handle the company’s affairs a year ago have now been made liquidators. They will arrange a “significant” payment to unsecured creditors. Administrators sold the company’s Fancy Road site for £627,000, which was “significantly” higher than original estimates. Most of the company’s coac...
Source: bournemouthecho.co.uk