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J Tomlinson Ltd Files Notice of Intent to Appoint Administrators
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Nottingham based J Tomlinson Ltd file a Notice of Intent to Appoint Administrators yesterday afternoon (10/07/2023). Reports suggest that over 400 jobs will be lost.
A Notice of intent to Appoint Administrators is a court filed document giving notice of the companies intention to go into Administration. Once filed a moratorium is created over the company for a period of 10 days. This protects the company from legal action starting or continuing by creditors (without permission from the court).
In most cases an Administrator is appointed after 10 days, unless a solution to the financial issues faced by the company is found. In some cases the 10 day period is extended, if the court is satisfied an extension would be of benefit to the creditors.
Our members are being kept up to date with the situation.