Winchester firm slips into crisis (From Basingstoke Gazette)
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Winchester firm slips into crisis
4:25pm Friday 3rd July 2009 in
A FIRM with a depot in Winchester has slipped into administration.
KPMG Restructuring has been appointed to try to save EPL Access, an equipment hire business with a depot in Moorside Road in Winnall.
The firm with 105 employees nationally employs two in Winchester, said a KPMG spokeswoman.
Ian Corfield, joint administrator and KPMG director, said: “The company has been suffering due to the current difficult trading conditions which have resulted in problems with cash flow.
“Despite the best efforts of its directors, they were unable to secure additional funding and have had no option but to place the company into administration.”
KPMG are trying to sell EPL as a going concern. No jobs have been lost.
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