Taxman's winding-up petition against Truro-based Follett Stock solicitors put on hold
A winding-up petition brought by the tax man against Truro-based solicitors Follett Stock, was put on hold at London’s High Court today.
The name of the firm and its parent company FSHL Ltd, whose addresses were both given as of Truro Business Park, Threemilestone, Truro, Cornwall, appeared next to each other in a list of companies facing being winding up by Her Majesty’s Revenue and Customs and other creditors.
But when the cases involving Follett Stock and FSHL were called Registrar Clive Jones, a senior High Court insolvency official, adjourned the matter by agreement between the parties to go before a higher judge.
The hearing lasted less than a minute.
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The matter will now be re-listed for a hearing at a future date which has yet to be fixed.
Had the winding up moves gone ahead today and the petitions been granted the affairs of Follett Stock and FSHL would have been put in the hands of an official receiver, who would be in control of debts and assets.
No indication was given at today’s hearing of the sort of debt giving rise to the winding up moves.