The business and assets of Holyhead, Flintshire, operator Kenmac were sold in a pre-pack deal after it was handed a winding-up petition by HMRC, it has emerged.
According to a report by administrator Wilson Field, the aggregates transport firm had been trading through a company voluntary arrangement (CVA) since 2012 and had fallen behind on payments to HMRC.
The company kept up to date with its payments for the first 12 months of the CVA, the report said, but it began to experience difficulties in keeping up payments to HMRC outside of the CVA, due to a drop in sales.
Kelly Burton and Lisa Hogg of Wilson Field were appointed as joint administrators on 30 May.
The business and assets were sold on a going concern basis to Ken Davies Haulage for £94,807 upon the administrators’ appointment. The companies share common director and shareholder William Davies. He could not be reached for comment.
According to its statement of affairs, filed to Companies House, Kenmac owed unsecured creditors a total of £208,285, including £185,743 to HMRC.
Kenmac’s 11 staff have been transferred to Ken Davies Haulage.
A new application made by Ken Davies Haulage, along with disciplinary action against Kenmac director William Davies, are due to be considered at a public inquiry next month.
