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Clearly the sector faces many hurdles some of which I fear will be insurmountable for the majority of firms. Let us not lose sight of the fact that these reforms are still some way off and this firm disintegrated in the here and now? Why? Read the administrators report. A caseload of fraudulent rtas, cavity wall claims, holiday sickness and housing disrepair. What a truly hopeless business model funded by various creditors to the tune of 6.7 million. The LLP also took the staff down for 150 grand in unpaid wages, redundancies etc. Disgusting. Some of the debt is personally guaranteed by Mr Nesbit who also owes 60k to the CVA in an unpaid loan from the LLP. I hope the secured creditors go medieval on him.

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