Trading in All Points North has been suspended after its bank asked for all of the money it has lent the property company to be repaid by the end of April.
All Points North said it is discussions with the Clydesdale Bank regarding this demand. In the meantime the company continues to consider ways in which it can repay the loans, with property disposals one of the options under consideration.
Clydesdale has stated that if an agreement is not reached with the company as to the way forward it will be their intention to take whatever action is considered necessary to obtain repayment of outstanding sums.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
jh
-
What happens if you can’t pay your tax bill, and what is "Time to Pay"?Millions are due to file their tax return this Friday as the self-assessment deadline closes. Though the nightmare is not over until you pay the taxman what you owe - or face a penalty. But what happens if you can't afford to pay HMRC your tax bill, and what is "Time to Pay"?
-
What does Rachel Reeves’s plan for growth mean for UK investors?Rachel Reeves says she is going “further and faster” to kickstart the UK economy, but investors are unlikely to be persuaded
