Company that bought Mark Priestley SDT fails to make agreed payments


 

A company set up to buy the business and assets of Slough-based Mark Priestley SDT, which entered insolvency proceedings last year, has failed to make payments in line with the agreed terms, according to the administrator. Mark Priestley SDT entered administration in February 2019 before newly incorporated business PSDT snapped up parts of the company for £90,000, to be paid in instalments. However, in a report to creditors, administrator SFP Restructuring said payments were now overdue: “A sale of the […]