A&G Price owed $5.2 mln as cash flow woes sink engineering firm

Fri, 04 Aug 2017

By Sophie Boot Aug. 4 (BusinessDesk) - A&G Price, the Thames engineering company which went into liquidation last week, owed $5.2 million to its creditors, the liquidator's first report says. The company had been operating in Thames for nearly 150 years, but recently suffered a downturn in business and profitability "resulting in it experiencing cash flow difficulties for some months prior to the appointment of the liquidators," liquidators Gareth Hoole and Clive Bish of Ecovis KGA said in their report. "The company operated under tho...

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