Mike Solomons of BM Advisory LLP, the restructuring, recovery and insolvency specialist firm, and James Robinson of Finn Associates Ltd were appointed Joint Administrators of fishing equipment supplier A&S Tasker International Ltd, trading as Taska, on 6 July 2017.
Commenting on the appointment, Mike Solomons says: “A&S Tasker International was a well-established supplier of quality fishing equipment and associated products.
“Due to a downturn in trade and a number of bad debts the company began to face financial difficulties, resulting in the company ceasing to trade. All staff were made redundant by management and the company placed into Administration.
“The Administrators are working with the director and seeking to maximise the realisable value of the assets by undertaking a managed sale of stock via the Internet, and by utilising the director’s contacts in the angling industry.”
At present the Administrators are unable to estimate the level or likelihood of a return to unsecured creditors. Regrettably six employees were made redundant.