Case Studies
Keith Tully
Partner
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 48 offices nationwide, we are well-established and perfectly placed to support company directors, owners and shareholders. View some of our case studies below.
If you are interested in reading case studies about specific corporate recovery solutions we delivered, then please see a list of 'all' case studies below.
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Recovery
Jobs Safeguarded in the Sale of Dorset Food Producer
Dorset County Foods Limited is a traditional catering firm supplying the south of England with an established customer based built over 25 years’ trading. The company employs nine members of staff and has built up an international reputation for supplying high quality cured meats.
I’m delighted to announce the sale of this fantastic business. It means that not only is Dorset Farms’ future safeguarded but it also enables Eversfield Organic Farm to offer a broader range of ethically produced and traceable products to its existing customer base.Learn More…
Successful Administration of Wrangaton Golf Club
The historic Wrangaton Golf Club was founded in 1895 on the southern slopes of Dartmoor with a nine-hole course showcasing stunning views of the rich Devonshire countryside with a backdrop of coastline.
We are delighted to announce the sale of Wrangaton Golf Club to Jane and Richard Barter. As experienced and successful golf club managers, we have no doubt that they will ensure Wrangaton Golf Club now goes from strength to strength.Learn More…
Construction Firm Continues Trading following Administration Procedure
Harley Curtain Wall was a cladding firm established in 1996 based in Crowborough, East Sussex. It specialised in windows, doors, structural glazing and rain-screen cladding systems. Projects included high and low-rise apartment and office complexes with a number of high-profile clients.
It was not reasonably practicable to rescue the company as a going concern as it was concluded in the pre-appointment period that the company could not avoid formal insolvency given the issue with one of the customers and their claim of £428,000 against Harley for disputed work.Learn More…
Future of Residents and Staff Secured as Care Home is Sold Out of Liquidation
Brown Edge House is a small, independent residential care home based in St. Helens. It houses the elderly and is registered with the Care Quality Commission for a maximum of twenty residents.
While time was against us all along, the fact that all jobs have been secured and no residents will be inconvenienced by the sale is excellent news.Learn More…
Successful Sale of MSS Clean Technology out of Administration
MSS Clean Technology – based in the city of York – were established in 1982. They specialise in the design, manufacture and installation of laboratories, cleanrooms and controlled environments. A highly renowned and specialist firm, they operated globally with a number of blue chip clients withi…
With its valuable IP and brand, we were confident that a buyer would quickly be found for MSS. As part of Environmental Engineering, the business and its staff and management have a more secure future. With its strong reputation for outstanding design capabilities and quality of service, Environmental Engineering provides an ideal fit, enabling MSS to grow.Learn More…
HMC Health & Beauty
HMC Health & Beauty was founded in 2000, and operates from a 42,000sq ft site in Thetford, Norfolk. The business manufactures a wide range of toiletries and personal care products.
It is very good news that HMC Health & Beauty has been acquired as a going concern by a purchaser with a strong track record in the sector. Not only does it mean that the business will continue to trade, safeguarding the livelihoods of the staff, but it also puts it on a more secure footing for the future.Learn More…
Estate Agents Sold out of Administration with 32 Jobs Saved
Penyards is Hampshire’s longest established estate agents with eight offices across the region. The firm has been trading for more than 35 years and is particularly active in the niche market of selling and renting country and period homes.
It became apparent to us that the Penyards name trades on its reputation as a long-established business in the area and that a speedy sale out of administration was the best course of action.Learn More…
Almost 100 jobs saved at Midlands bar and restaurant chain Town and Country Inns plc
Bar and restaurant chain, Town and Country, operate various venues across the Midlands. These include two Apres bars in Birmingham and Cheltenham, two Fleet Street Kitchens in Birmingham and Sutton Coldfield, and the Mechu Bar and Grill Club, on Summer Row, Birmingham. At the time of seeking the adv…
The business had been struggling financially, but we were able to advise that administration and a subsequent sale was the best course of action. We are pleased we have been able to secure the majority of what is a long-standing leisure business.Learn More…
Bradford based Alatas Engineering bought out of administration
Mechanical engineering company, Alatas Engineering, specialize in the repair and testing of hydraulics. The Bradford-based company was established in 2000 under its original name Micron Precision Engineering. The business operates from a specialist workshop, and at the time of the administration, …
Unfortunately, Alatas was a victim of unforeseen changes in market conditions. However, with its strong reputation within the sector as a one stop shop for engineering and hydraulic repairs, we were confident that it had a viable future. “Having undertaken an accelerated marketing process, we were swiftly able to conclude a sale which not only enabled the business to continue to trade, so saving jobs and contracts for suppliers, but also realised the best return for creditors.Learn More…
United Carpets (Northern) Limited
United Carpets is one of the country’s leading retailers of carpets and flooring solutions. Its main subsidiary is United Carpets (Northern) Limited, which operates 72 shops across the UK.
The administration was a consequence of the challenging economic climate, but also the long-term lease commitments to the landlords of the stores. Attempts were made by the company to renegotiate lease terms, however, these proved unsuccessful. The administration of the company became inevitable. The subsequent sale was a positive result and has safeguarded the jobs of those working for the company.Learn More…
Barcon Precast Limited
Barcon Precast Ltd is a manufacturer and supplier of precast concrete products. They have been in business for over 30 years.
As a result of this sale the 24 jobs at the site have been saved. It has also resulted in many of the customers’ orders remaining on track with the purchaser now working hard to meet the deadlines.Learn More…
Women’s footwear specialists Ted & Muffy rescued from administration
The Blink Partnership, trading as Ted & Muffy are sellers of high quality women’s footwear. They have offices and a warehouse in Frome, as well as a retail store in Bath. The company has a strong online retail presence, with its ecommerce site selling to customers from all around the world.
As soon as we were appointed administrators we worked hard to find a new buyer for the business, which has continued to trade throughout this period. “After receiving enquiries from a number of interested parties, we are delighted to have found a buyer in such a short space of time, helping to protect the local economy and also a significant number of jobs. “Ted & Muffy is going back to its roots and we are confident Duo Bootmakers Ltd, which wants to develop its specialist offering, will be perfectly positioned to help build a more financially robust future for the business.Learn More…
Finance
Engineering
We were contacted to assist a large engineering business secure funding. With a turnover of £16m, the business specialised in metal, fabrication and installation for food and petrochemical sectors.
When the company’s existing invoice finance provider called in the facility, we had only a short time in which to secure alternative funding for the business. Within the six week period available we were able to identify an appropriate finance provider and complete the application process ensuring a smooth transition between the new and existing lenders.Learn More…
Architects
We were approached by an architects practice based in Yorkshire. This was run by an experienced director who had previously run his own business; however, his current venture had only been trading for 11 months.
Despite this being a profitable business, the delay of several key contracts was having a negative impact on cash flow. After reviewing the company’s financial position, we arranged for a short-term loan to be put in place, allowing the company to continue trading while awaiting payments from the delayed contracts to be made.Learn More…
Farming
We were contacted to help source finance for a farming business.
With mounting tax arrears which needed to be cleared, the directors of this farming business sought our advice regarding company funding. The significant amount of equity in the company-owned property helped enormously with securing a loan with competitive terms.Learn More…
Liquidation
GM Environmental Services
Incorporated in 2006, GM Environmental Services Limited specialised in building maintenance, roofing and asbestos removal, and was the main provider of building maintenance services to Nottingham City Council.
It is regrettable to see the demise of such a long standing and well-regarded business however due to external factors the closure became inevitable. We are continuing to work with key members of staff to maximise realisations for the benefit of the company’s creditors and ensure that former employees receive their entitlements as soon as possible.Learn More…
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News
Government Urged to Freeze Business Rates
23rd October 2017 The British Chambers of Commerce (BCC) has called on the government to freeze business rates in order to provide a boost to the competitiveness and productivity of UK companies.
Brexit Impact ‘Likely to Drive Up Business Insolvency Rates’
12th October 2017 The impact of Brexit and the process of Britain departing from the European Union is likely to push up rates of insolvency among businesses throughout the UK.
Engineering Firm Owen Pugh Enters Administration
11th October 2017 Financial losses and persistent problems with cash flows has led the civil engineering business Owen Pugh to enter administration.
Flights Cancelled as Monarch Airlines Collapses into Administration
2nd October 2017 Monarch Airlines has become insolvent and ceased trading as a result of “mounting cost pressures and increasingly competitive market conditions,” administrators have confirmed.
Bank of England Governor Hints at Upcoming Interest Rate Rise
29th September 2017 The Bank of England governor Mark Carney has given a clear indication that he expects the base rate of interest in the UK to rise in the near future.
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