The CVA offers unsecured creditors 30p in the 1 and means that they will write off 183,811 between them. Creditors have been asked to vote on the proposals created by accountants Hurst Morrison Thomson.
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"It's wrong to assume the Chinese are behind the curve on automation - it used to be the case that manual processes were kept becuase it was cheaper to use them than buy the automated equipment,..."
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"Sad news. Their prices were unsustainable - it was a race to the bottom."