Fusion Flowers Magazine

Basing suspends trading in order to assess situation

Basing Ltd, organiser of Florist Event International 09, has suspended trading as of Friday 25th July in order that a thorough viability study can be undertaken of the company. Creditors have been contacted and advised of the situation.

Commenting on the move, Marcus Foster, Managing Director and sole owner of Basing Ltd, said: “Despite the fact that I have personally invested cash into the business and given we face an uncertain economic climate with a predicted shortfall in revenue, the January ‘09 show is not viable. Therefore I have no alternative but to take this action as it would be wrong to continue trading.” 

Advisors will now be instructed to assess the potential of the company in order that a forward strategy can be considered.