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Raymotors goes in to liquidation


maynragh

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17 minutes ago, 2bees said:

Anyone know who the liquidators are?

I have heard rumours that a settlement had been reached between the parties involving a buyout and that the concern might be reopening, in parts at least. 

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I see in the Manx Independant, the liquidator is contacting previous customers ( around 500 of them ) who haven`t paid thier bills, ( around £100,000  apparently ) and says the garage may be for sale, ( but not as a going concern, presumably because it has been closed for so long ), surely if the liquidator wanted to get as much back as he could, why has he waited for 11 years, the business must now be worth next to nothing now, or am i wrong about that?

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