Jobs go in Bury St Edmunds as The Ask Group Ltd goes into liquidation
- Credit: Archant
A west Suffolk print and translation business has gone into liquidation with the loss of seven jobs.
A meeting of creditors of The Ask Group Ltd, based in Northgate Avenue, Bury St Edmunds, was held last week following a vote by shareholders for a voluntary winding up of the company.
The liquidator, Jamie Playford of Leading Corporate Recovery, based in Norwich, said the company had about 90 creditors who were owed a combined total of around £407,000.
“There is no return expected to creditors,” said Mr Playford. “The company traded as Ask Print and Ask Translation.
“Ask Print suffered a decline in the print industry and lower priced competition. Ask Translation carried out translation services for financial institutions such as Aviva but, after a decline in work following the financial crises, the company has never recovered.”
Mr Playford also confirmed that seven people had been made redundant.