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West Country firm Follett Stock has closed its Bristol office, as its winding-up case moves through the High Court.
The firm’s winding-up case went before senior High Court insolvency official registrar Clive Jones last week. Jones agreed that the case could be adjourned and would be referred to a High Court judge.
Meanwhile Follett Stock has now shut up shop in Bristol following the closure of its Exeter office earlier in the month, marking the end of two out of its four offices (8 October 2013).
The firm’s directors and HM Revenue & Customs (HMRC) representatives must now come to the court with the original winding-up order in order to agree a new listing date for the case.
It has already been adjourned following the original winding-up order issued by HMRC on 19 August after the firm failed to pay outstanding debts (26 September 2013). Following a hearing on 30 September the case was adjourned and the firm given three weeks to pay its debts (7 October 2013).
The unpaid bills are thought to relate to a VAT or income tax bill, though the debt could relate to both issues.
Managing partner Chris Lingard could not be reached for comment on the HMRC proceedings.