Fairfax Gerrard problems

It would seem that Fairfax Gerrard’s financial problems are likely to be terminal as the company have had a Winding Up petition served upon them. This is unfortunate to say the least for their trade finance clients as they will have had the rug pulled out from under them without any notice and many may find it a struggle to survive themselves.

I see from Companies house that Fairfax Gerrard Group Ltd and Fairfax Gerrard Trade Finance Ltd were formed in July this year so it looks like there are plans to set up again.