Liquidators appointed to collapsed Shrewsbury property company over 'significant' amount owed to creditors

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A property investment holding company based in Shrewsbury has collapsed owing a “significant amount” to a number of creditors, it has been revealed.

This week liquidators have been appointed to try and release cash to creditors of RGB Group Shrewsbury Limited, of Brassey Road, Old Potts Way, and RGB Developments Ltd.

Mr Illes added: “The company has a significant amount and number of creditors and as part of the liquidation process it is our role to recover assets and pursue claims to enable a dividend to be paid to creditors.” Financial documents lodged with Companies House in June 2021 revealed that the firm, then based at Shrewsbury Business Park, had seen a significant drop in its profits.

 

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