The Board of Directors of WSSC took the decision to suspend trading on Monday 12th December 2016.
The Board is currently in discussions with financial advisors and exploring possible business turnaround and insolvency options available. This includes seeking support from its creditors in order to implement such options.
The Board has appointed Duncan Swift, a partner of Moore (South) LLPampton, to assist the Board with a view to proposing a business turnaround plan, or if necessary another insolvency procedure, to the Company’s creditors early in the New Year.
Whilst this is in progress the board are mindful of the difficulties the Company’s staff and members may be experiencing and wish to confirm that all staff, creditors and members will be contacted early in the New Year.
Any urgent enquiries concerning the Company’s affairs should be directed to Moore via email to WSSC@moorestephens.com.