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Specialised Assemblies (W’boro) Limited in compulsory liquidation – update


3 September 2015: Asset realisations in this liquidation have currently passed £175,000 with additional funds still to be received. We have requested the Redundancy Payments Service to provide details of their claim in this liquidation and it is anticipated that the preferential liabilities (being employees holiday pay and arrears of wages) will be paid in full shortly. We are confident that a dividend will be paid to unsecured creditors in this liquidation, albeit the timing and quantum of the dividend is uncertain due to further assets to be realised, and would urge any creditors of the Company to forward details of their claim, if not done so already, directly to BRI’s Head Office in Northampton.