Manchester-based ACG North Ltd, a division of Artisan Construction Group, has been placed into voluntary liquidation, it has been announced.
The proposed liquidation of ACG North does not impact upon any of the other businesses operating in the Artisan Construction Group or the group’s construction capacity, the company said.
Paul Curran, newly appointed managing director of ACG North said: “Substantial funds have been injected into ACG North Ltd in an attempt to trade it out of its problems, but having taken expert advice and to protect our creditors, we took the decision to put it into liquidation. This situation has not arisen because of the economic downturn, but because of a legacy of poor management decisions by personnel who have now left the company.”
ACG North was overseeing work on 96 flats in the regeneration of Liverpool’s Kings Dock.
Stockport-based liquidator Bennett Verby is overseeing the liquidation.
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Monday, 15 December 2008
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