CMC has finally gone into administration, a full three weeks after ceasing trading. We understand that the directors had originally requested for the company to be placed into voluntary liquidation, however the company’s principle secured creditor, Bibby Financial Services Ltd, became concerned & representatives of Begbies Traynor have now been appointed as administrators. Strangely, Edward Symmons were instructed to sell the order book & assets prior to this administration announcement. The closing date for offers was the 14th October, but no announcements have yet been made as to any successful buyer. The administrators will now provide the creditors with a ‘statement of proposals’ within an eight week time limit. | Administrator contact details: Begbies Traynor, The Old Exchange, 234 Southchurch Road, Southend-on-Sea, SS1 2EG Tel: 01702 467255 | Hit ‘more info’ to view ‘Appointment of Administrators’ notification.