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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.
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Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
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