Administrator sets deadline for

<p>The administrator of Plymbridge Distributors has given potential buyers until 5 p.m. on Thursday to come forward with offers for the business.

Alan Tomlinson of insolvency firm Tomlinsons said that there were "four or five" interested parties, and a sale was "very likely". It hopes to preserve the business, which continues to trade, and the jobs of its 86 staff. Its stock was valued at &#163;20m and turnover at &#163;2m.

Harry Midgely, who bought the business in 2002, has been made redundant. Tomlinson said that a "handful" of further redundancies was possible. "We felt Midgely's presenc...

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