|Lawrence Shoes, Ltd., of Newton Road, Rushden, went into voluntary liquidation at a meeting of creditors at Kettering on Monday.
The company has a deficiency of £14,914 as regard creditors and £10,250 as regards shareholders, according to a statement of affairs. Of the assets, which total£11,500, buildings are estimated to produce £5,000, machinery, lasts, fixtures and fittings £2,750, stock in trade £1,500 and sundry debtors £2,250.
The 40 employees of the company were given a week’s notice when a meeting of the directors decided to go into voluntary liquidation.
Formerly the firm employed about 60 people, some 20 of whom worked in their closing room at Yardley Hastings. This part of the business was sold recently to Sudborough and Wood, the Wellingborough shoe manufacturers.
The list of trade creditors over £100 include:- Adams H. and Co. (Insurances) Ltd. £137; Alsop Brothers Ltd. £250; Blanson Heels Ltd. £119; The British United Shoe Machinery Co. Ltd. £2,212; Cannel and Date Ltd. £2,711; Chamberlain E. A. Ltd. £134; Chapman H.W. Ltd. £244; Daniels C. G. £477; Fensome George (Leathers) Ltd. £1,509; Goodyear Tyre and Rubber Co. Ltd. £373; Heggs T. P. and Son Ltd. £988; The Island Spinning Co. Ltd. £135; Keunen Bros. Ltd. £165; K. and D. Transport Co. Ltd. £162; Modern Telephones (Great Britain) Ltd. £262; Phipps and Son Ltd. £362; Puritan Tanneries Ltd. £1,128; Seddons and Arlidge Co. Ltd. £253; Singer Sewing Machine Co. Ltd. £176; Nash and Co. £127; Toseland Frank and Sons Ltd. £185; Welting Ltd. £204; Wildman and Bugby Ltd. £1,075; Baker C. W. £350.