Last August (2011), we reported on the sad demise of Northamptonshire's long established coaching company, Geoff Amos Coaches Limited.
The day after our appointment was confirmed the serviced bus route had been picked up by another company and continues to run. Within days the majority of employees had found new positions of employment.
Following an industry focussed tender and auction sale asset realisations were far in excess of what had been anticipated would be achieved. The employee claims were paid within weeks and the balance of preferential creditors (employees' wage and accrued holiday pay) will be paid in full in the next 4 weeks. It is now expected that a substantial dividend will be paid to the Company's unsecured creditors with notices shortly to be sent to those unsecured creditors who have not yet proved their claims and the expectation that their first and final dividend will be paid to them before the end of April.