ADMINISTRATORS of collapsed coach firm Fraser Eagle Limited have extended the restructuring process for another year.
Manchester-based Baker Tilly, which was appointed in March 2009, now has until March 2011 to pick through the wreckage of the company, which collapsed last year with the loss of 120 staff.
Administrators have clawed back £2.75million by selling the head office at Shuttleworth Mead business park, Padiham, along with offices in Blackburn and Padiham – but it might not be enough to pay workers and other creditors.
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