Metropex has been struggling to stay afloat since losing a significant amount of work from a contract and facing ‘challenging trading conditions’. Begbies Traynor will review the business and assets, focusing on ‘maximising the realisation of assets for creditors’. 2012 accounts show assets stood at £1.8 million with liabilities of over £1.7 million.
We are not involved in the administration and questions should be directed to Begbies Traynor who are handling the administration.
If you are an employee of the business, and you're worried about what might happen in the future, then please listen to the video below as it will tell you your rights as an employee of a insolvent business. There is a link at the end of the video to the Government website which expands further on what you need to know.