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Nottingham construction firm wound down

Nottingham-based firm Real Estate has been wound down by the High Court following an investigation by the Companies Investigation Branch of the Insolvency Service.

The company, which owed over £1.4 million to its creditors, traded from 82/84 Nottingham Road, Arnold, and 64 The Ropewalk, Nottingham.

A spokesman for the Insolvency Service said: “CIB's investigation found the company continued trading while insolvent to the detriment of its creditors, and gave preferential treatment to connected creditors and debtors.

“The investigation also established that the company's management lacked transparency in so far as the persons controlling its affairs, including one person who was a disqualified director, were not formally appointed as directors.

“Creditors of the company are owed in excess of £1.4 million. Over 100 of the company's trade suppliers provided information to assist CIB's enquiries.”