A Plymouth tyre fitters has gone into liquidation after serving the local community for more than 40 years.
Pilgrim Tyres, which was part of the First Stop Tyre & Car Services network, called in liquidators and was wound up voluntarily in October, leaving debts totalling more than £250,000.
Reporting for the Plymouth Herald, William Telford says it will only be able to pay £2,900 towards a VAT and Income Tax bill of £36,000 owed to HM Revenue and Customs. It also owes £39,000 to Lloyds Bank and £120,000 to director Ricardo Norville, who supported the business via a director’s loan.
It is believed that eight people have lost their job as a result of the liquidation.
Source: Plymouth Herald