Seamus Brady, former Knowsley Chamber of Commerce chairman and director of the firm which employs 11 staff making a wide variety of adhesive tapes for customers, blames lax insolvency laws.
He said: “The insolvency law is an ass.
“Recently four of our customers have collapsed which leaves us out of pocket and there is never any recovery of monies.”
He added: “The arrogance of insolvency practitioners staggers me.
“When they contact you it is days or weeks later and by then all the stuff we have provided to our customer has been used by a newly-established company.
“We have never had a penny back in 30 years from companies that have gone bust.”
