The Fabric Care Research Association (FCRA) is seeking voluntary liquidation and has ceased trading with effect from Friday 19 January.
The Association’s staff were made redundant when the decision to close the doors was taken by the board on 18 January.
FCRA’s former md, Chris Tebbs told LCN that the closure was due to “a particular debt related to the pension fund and the latest actuarial information which placed a debt on the company that it could not meet in the government time scales.
Accountants, Hazlewoods of Windsor House, Barnett Way, Barnwood Gloucester (Tel: 01452 634800), is assisting the directors.
Meetings have been arranged for 12 February, at the Jarvis Hotel Nottingham. The members meeting will start at 10.30am and the creditors meeting is scheduled for 12.00.
TSA chief executive, Murray Simpson, said he was deeply saddened at the demise of an association that had played such a valuable role in the textile care industry. He said the TSA would be offering a free advice service to current FCRA members.
