A winding-up petition was filed on 22 October against the companys UK sales office in Welwyn Garden City by American Home Assurance Company at the High Court of Justice.
The creditor is reported to have chosen to pursue the UK sales office for outstanding monies owed rather than sign up to any other creditor arrangements with the Indonesian parent company.
Insolvency practitioner Mercer & Hole, of St Albans, has subsequently been appointed as liquidator.
A new company, Calington, based in Hatfield, Hertfordshire, has now been appointed as the sole agent representative in the UK for APPs Indonesian pulp and paper mills.
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Latest comments
"Gosh! That’s a huge debt - especially HMRC! It’s a shock that HMRC allowed such an amount to be accumulated."
"Whatever happened to the good old fashioned cash job! At least the banks didn't take 2-3% of each sale. After 30 odd transactions that £100 quid you had has gone."
"It's amazing what can be found on the "web" nowadays!"
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