A well-established shipping firm that had traded in the Humberside region for over 40 years was placed into voluntary liquidation in the face of challenging market conditions.
The family-run company had dramatically downsized in the previous years by selling off ships to arrest the threat of insolvency but the crashing rates for dry bulk shipping - the firm's bread and butter service - put paid to any hope of a recovery and with little hope of an upturn in the sector, a CVL was the best route forward for all parties.
The company had done well to weather the economic downturn to this point but the changing market proved to difficult to overcome and we helped the firm meet the majority of its liabilities to creditors before winding up the company within a four-week period.
14th February 2019
The bakery chain business Patisserie Valerie has been acquired out of administration by an Irish private equity firm called Causeway Capital Partners.Read More
13th February 2019
The department store operator Debenhams has secured access to a £40 million credit facility that should help it cope with the pressures of its ongoing funding crisis.Read More