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100 lose jobs as firm goes bust

PLYMOUTH mechanical and electrical subcontractor Johnson and Baxter has gone under after 51 years in business.

The £22 million turnover firm has gone into liquidation with the loss of more than 100 jobs.

The failure is expected to hit other subbies hard, with about £4 million in debts outstanding.

Andy Beckingham, liquidator at Coopers & Lybrand, said a total of £6 million was owed to a variety of creditors.

He said: 'I'm certainly very hopeful of collecting in a significant amount of the assets and distributing the money to the creditors. A number of people have been caught out and a lot of jobs have been lost.'