Why was Arc Marketing put into Voluntary Liquidation?

Following yesterday’s article on the collapse of Arc Marketing, director Andy Easterbrook today gives bikebiz.co.uk a different version of events to that given by his co-director, Ruth Casson. She said he was ill, he says not.
Publish date:

“It was not my intention to close Arc Marketing UK Limited. I had previously sought to reach an amicable agreement with all parties which would have given me sole ownership of the company and sufficient funds to move Arc forward.

“This was the only course of action left and under the advice of our company accountants and an independent accountant, both Ms Casson and myself jointly decided to liquidate.

”The future of the products I have brought to the UK market from such

manufacturers as B&M and Basil have yet to be decided. I am working

closely with numerous suppliers in placing their products with the best

agent or wholesalers.

”Whilst looking forward to the challenges this turn of events will afford me

and to the full and healthy life I am currently (and previously) enjoying, I

very much regret the liquidation of Arc and the inconvenience caused to our

many valued customers and friends made in the last seven years.”



Management at war: What Happens When Directors Fall Out?


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