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K. D. J. Slade and Sons Limited – in Creditors Voluntary Liquidation

Posted by Mike Manwaring on Thursday, 02 January 2014 in General

Somerset based builder, K. D. J. Slade and Sons Limited, was placed into liquidation on 11 December 2013.  Michelle Weir was appointed as liquidator by the Company’s creditors.

The Company has traded since 2002 although the family business was originally founded in 1946.  In the last, nearly, 70 years the business has operated mainly as general building contractors and housing developers and has recently specialised in sustainable housing.  The directors of the Company have cited the recession and losses made on one development in Sidmouth as the main cause for the Company’s demise.

The liquidator, Michelle Weir has said, “There have been various issues with this Company in the run up to my appointment and several items of plant have been stolen from various locations.  The police have been informed and are investigating.”  She went on to say, “Over the coming months my duties as liquidator will include investigating the affairs of the Company, selling the assets and collecting the debts.  I will also be assisting the Company’s employees with their claims for wages and redundancy etc but, unfortunately, I doubt the Redundancy Payments Office will be able to process their claims before Christmas.”

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