This time its Giraffe and Ed’s Easy Diner. The chains are owned by The Boparan Group who bought the struggling chains from Tesco in 2016. However, despite the rise in sales, they have been hampered by rising costs including Business Rates and rents so are in the process of proposing a CVA to creditors. If […]
The latest insolvency statistics, which were published by the Insolvency Service, have shown that the number of Individual Voluntary Arrangements (IVAs) has risen considerably. Over 71,000 were registered in 2018, an increase of 11,000 from 2017. For more information on bankruptcy, liquidation, administration and all the other insolvency procedures, or to take advantage of our […]
Redman Nichols Butler would like to invite you to our free breakfast seminars at which we will hear from Economist Johnathan Perraton (Sheffield University) about his views on whatever happens on 29 March and what it may mean for the economy locally and nationally. The breakfast seminars run from 8:30am – 10:30am and are being […]
LK Bennett, which was founded in the 90’s by Linda Bennett, has called in administrators after sales have slowly declined due to tough trading conditions. The high street chain had 39 shops all around the UK with 500 staff, 55 of which have been laid off following the closure of 5 stores. Stores which have […]
Insolvency Practitioner’s Fees Where it has been agreed by a resolution of creditors or the creditors’ committee that the office holders’ remuneration will be calculated by reference to the time properly given by the office holder and his staff in attending to matters arising in the administration of the insolvency estate, at the following […]
Self employed tiler, Darren Pole was declared bankrupt in October 2013 due to unpaid taxes of more than £100,000. Bankrupt’s have a duty to declare their assets to the official receiver, these assets will be sold to pay off their debts. Darren Pole told the official receiver that he owned two properties, which had no […]
One of the services that Redman Nichols Butler are offering to fellow professionals is our ‘Smart Guide to Insolvency’. The presentation deals with the warning signs of trouble and provides an overview on the different types of insolvency procedure. We are happy to come to your office to present this to your team, it takes […]
The assets and equipment owed by G4 Power Grid Limited in Administration are for sale at Gilbert Baitson auctioneers. These consist of the three generators and oil emulsification plant. For further details of these assets please contact Andrew Baitson of Gilbert Baitson on 01482 500500. Also available is the site at Brookenby Business Park, for […]
Patisserie Valerie has sunk into administration. The chain has been trading in the UK since 1926 and is most famous for its handmade cakes. The chain of café’s has unfortunately come to an end due to ‘significant, and potentially fraudulent accounting irregularities.’ Finance director Chris Marsh was arrested over the financial irregularities The largest shareholder, […]
An estate agent from St Helens has been jailed for over 4 years. Richard Hall, who traded through a limited company, Brooklands Sales and Lettings Limited, was found to have defrauded clients to the tune of £40k. In addition, he sold the company even though he had received investment from a third party and did […]
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