The contractor specialised in shopfitting, interiors and also provided storage services. Its biggest sector was retail.
Derby-based Cirrus Professional Services were appointed liquidators on 11 May. Creditors should contact Simon Gwinnutt.
Trent has 拢912,000 of unsecured creditors, of whom the biggest is managing director David Camm (pictured), with 拢180,000. HMRC accounts for 拢89,000.
The book value of its assets is estimated at 拢697,000, but they are expected to realise just 拢16,000.
Trent was established nearly 20 years ago, and had traded profitably for most of its existence.
In August 2011, it acquired Peterborough-based Astore Harrison for 拢650,000, financed by a loan and a CID (confidential invoice discounting) facility based on expected future orders.
However, orders from Astore did not materialise in the volumes expected. As a result, the bank which had arranged the CID froze Trent's account, and took all of the firm's remaining cash.
Trent was left with no money to pay suppliers, and with its bank refusing to grant a loan or extend its overdraft, the company found it impossible to carry on trading. On 26 April, the directors decided to liquidate the company.
鈥淭he directors attribute the failure of Trent to the purchase of its subsidiary,鈥� said liquidator Gwinutt.
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