Firm enters liquidation after mounting debts and problem jobs
Architect Sidell Gibson has gone into liquidation owing 拢2.5m to creditors.
Some of this sum is expected to be recovered through sale of the firm鈥檚 assets.
Its biggest creditor was Lloyds Bank to whom it owed 拢600,000.
Last week, creditors voted to appoint John Ariel and Matthew Wild from accountants Baker Tilly, as liquidators of the firm.
A spokesperson for Baker Tilly confirmed that it had received several expressions of interest in the stricken architect. He said the firm was 鈥渉appy to hear from any interested parties鈥�.
The firm, which had been open for 40 years, ceased trading earlier this month under mounting debts.
Ron Sidell, founder of the firm, said the decision was prompted by 鈥渄eclining revenues鈥� and the 鈥減ostponement of two major pipeline projects鈥�.
All staff have been paid in full, including redundancy settlements.
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