FTI Consulting, which was appointed special manager of the Lindsey oil refinery by the Official Receiver, has less than a fortnight to find a buyer for the business.
According to Sky News, FTI Consulting was given a two-week deadline last Monday, when owner Prax/State Oil went into administration.
The broadcaster reported that sources said FTI Consulting had begun canvassing interest from third parties, with a two-week deadline said to have been “pencilled in but subject to revision”.
Meanwhile, more than 100 tanker drivers have been made redundant as a result of the Lindsey oil refinery closure.
According to the BBC, Axis Logistics, the main delivery firm for the refinery, went into administration at the same time as parent company Prax Group. Its tankers are expected to be sold to raise funds.
