The company sourced and installed playground equipment. It suffered from a severe cash shortage due to poor client invoice payment cycles, low industry rates and increased competition over time. Tax debt had accumulated, and the major supplier demanded increasing payments, both strains crippled the operational capacity of the business.
The director needed to understand the options for the company and his personal liabilities. Climb Business was engaged to educate the director on all the liquidation process steps. We assisted them in closing down the business before introducing the liquidator to finalise the procedure.