Leeds freight firm shut down over unpaid debts
Malcolm Wright Associates Limited was investigated after it was found to owe substantial amounts to various international firms
A Leeds-based freight company has been closed down after running up substantial debts to a number of international creditors.
Malcolm Wright Associates Limited, which was formerly based at the Nortech Trade Centre, has been wound up following an investigation by the Insolvancy Service.
It was found to owe a six figure sum in pounds, euros and dollars, to 16 other firms in freight fees.
The company has no person listed as being in charge and has also failed to file accounts. It will now be placed into liquidation.
David Hope, Chief Investigator at the Insolvency Service, said:
"Malcolm Wright Associates Limited gave the appearance of a credible trading business while leaving suppliers – including those in the United States and Europe – with substantial unpaid debts."
"The company failed to cooperate with our investigation, could not be located at its registered office, and provided no evidence to explain its trading or financial position.
"We will take robust action where companies appear to be used to mislead suppliers, avoid debts, or operate without proper transparency.
"Winding up this company protects the public and helps prevent further harm to businesses."