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Company folds ‘owing over £100k’

A Witney company which allegedly owes more than £100,000 to West Oxfordshire District Council and 12 others has gone into liquidation, according to Government business register Companies House.

Abacus Events was the company which revived Witney Trade Fair in The Leys in September last year, the first to be held in the town since 2005.

Companies House lists Abacus Events as based in Wessex Industrial Estate, Avenue Three in Station Lane, and its managing director as Christopher Clinkard.

WODC says it obtained a liability order last year to force Abacus to pay its dues through court proceedings.

West Oxfordshire District Council (WODC) cabinet member for resources, Richard Langridge, said: “Abacus Events owed the council in excess of £16,000 in unpaid business rates.

“The council was supported in a petition by twelve other interested parties who also claimed debts owing by Abacus Events of in excess of £100,000.”

He added: “Attempts by enforcement agents to collect the arrears owed by the company were unsuccessful and therefore, the council, in order to protect the interest of tax payers, sought an order winding up of the company in early 2015.

“While Abacus events attended the initial court hearing in July 2015 they did not defend the action in October 2015.”

The Oxfordshire Guardian approached Mr Clinkard for comment.

He referred us to the Insolvency Service – a Government agency that supports people affected by financial stress or failure and investigates companies that have gone into liquidation.

Spokesperson for the Insolvency Service, Ade Daramy, said: “I can confirm Abacus Events Limited, registered office: Unit 1, Wessex Industrial Estate, Station Lane, Witney, OX28 4BT is now in liquidation following a winding-up order made on October 16, 2015.

“The official receiver and liquidator is Graham Rogers. He can be contacted at the Insolvency Service, 3D Apex Plaza, Forbury Road, Reading, RG1 1AX, email: Reading.OR@insolvency.gsi.gov.uk.

“The matter is in its early stages and the official receiver as liquidator will investigate the causes of the company’s failure and interview the company’s officers as part of that investigation. As such, he would welcome any information relating to this to be provided to him at the above address.

“A significant part of the liquidator’s duties involve tracing and realising any assets and distributing funds to those creditors who have lodged proofs of a debt. This can only happen if there are any assets.”

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