Knowing you are dealing with a reputable and regulated company will help ease your mind when deciding who to entrust with your company problems. With over 400 staff and 75 Offices nationwide, we are well-established and perfectly placed to support company directors, owners and shareholders. View some of our case studies below.
CASE STUDY 1 - SUCCESSFUL SALE SAVES 21 JOBS - The company was an optical lens manufacturing business in the North of England, who supplied opticians across the UK. Although a fundamentally sound business, the company had suffered as a direct result of the downturn in consumer spending. Following our appointment, our administrators continued to trade the business, fulfilling all customer orders.
After an accelerated sale process and marketing of the business across the UK, the business was sold to one of the founding directors in a deal which saved 21 jobs.
CASE STUDY 2 - SUCCESSFUL SALE FOLLOWING ADMINISTRATION - Our administrators of a local tourist attraction on Eastbourne seafront have achieved its sale after many months of protracted negotiations. A number of early expressions of interest unfortunately failed to materialise and the park stayed closed for a long period. The team worked hard with the council and other parties to secure a new tenant for the park.
The eventual deal saw the new company take a lease which also pays rent arrears to the council. The attraction reopened with new activities that will provide a good draw for tourists.
CASE STUDY 3 - RESTAURANT GROUP RETURNS TO FOUNDER - Our team in Scotland completed a deal for the original founder of a chain of restaurants which were sold five years ago, buying back the group and saving 63 jobs. A well-known restaurateur and his wife started the business over 21 years ago but sold the group and moved to a new venture. The restaurants ran into problems under the new owners and we were duly appointed as joint administrators.
With a strong brand and loyal following in the region, it was simply too attractive a proposition for the previous owner to ignore.
CASE STUDY 4 - SUCCESSFUL SALE SAVES BUILDING JOBS - A building business had grown very rapidly from a turnover of £700,000 to £5 million. However, although they had profitable contracts moving to completion, they did not have sufficient capital and cash reserves to fund four concurrent contracts that were making a loss.
We were instructed as administrators and, having established that over-trading had caused the firm’s difficulties, we were able to find a buyer with sufficient resources to fund the business post-sale, saving 20 jobs.
16th September 2019
There was around a 25 per cent increase in the number of restaurant businesses entering insolvency over the course of the year to June 2019, according to the latest figures on the subject.Read More