Newspaper claims that Vertex Panel Products Ltd was the subject of a compulsory wind-up petition have been refuted by managing director Joe Martoccia.
The claims were made in Tyneside’s Journal newspaper on August 3, stating that New HSBC Invoice Finance (UK) Ltd – a creditor of George Reynolds UK Ltd which sold out to Vertex in February this year – had lodged a petition to compulsorily wind-up Vertex.
The petition was in fact withdrawn last week but Mr Martoccia said: “The story was completely incorrect. There was categorically no winding up petition against Vertex Panel Products.”