It all points south for All Points North

published 16 March 2012

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.