A ROSYTH firm is in financial trouble after a winding up order was submitted to Dunfermline Sheriff Court.
A petition for Fife Flooring Studio Ltd, which has a showroom on Parkgate, to be wound up and liquidators appointed was presented on September 20 on behalf of His Majesty's Revenue and Customs.
The firm has more than 30 years of experience in the flooring industry.
A public notice says any parties claiming an interest in the firm, which is registered at 101e Queensferry Road in Rosyth, should contact Dunfermline Sheriff Court, 1/6 Carnegie Drive, Dunfermline, KY12 7HJ within eight days of intimation, service and advertisement.
Liquidation is the process of closing a limited company, selling the assets to pay off debts and dissolving the company from the official register at Companies House.
In short it will stop doing business and employing people.
In general terms liquidation is the process a company faces when there are cash flow problems and creditors are threatening to take enforcement action.
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