Review of pre-pack administration system announced

A review of how pre-pack administrations work in practice has been announced in a Parliamentary debate. A statement released by the Insolvency Service stated that the review will focus on whether further changes are need to the pre-pack administration system.

Posted at 07:01PM Mar 18, 2013 by Kris Wigfield in pre pack administration  |  Comments[0]

Prime Focus uses pre-pack administration deal to shore up commercials division.

Prime Focus has completed a pre-pack administration deal to buy some of the assets of its struggling commercials division.

Posted at 01:46PM Mar 12, 2013 by Kris Wigfield in pre pack administration  |  Comments[0]

Bed retailer Dreams bought for £35m in a pre-pack administration deal.

ScS-owner Sun European has bought Dreams under a pre-pack administration deal, saving the company from insolvency.[Read More]

Posted at 12:54PM Mar 06, 2013 by Kris Wigfield in pre pack administration  |  Comments[0]

United Carpets stabilised by pre-pack administration

Back in October, we reported on the pre-pack administration deal brokered by United Carpets Group plc. Four months later, the bed and carpet retailer is on a more stable footing, thanks to the benefits of the pre-pack administration.

Posted at 05:16AM Feb 25, 2013 by Kris Wigfield in pre pack administration  |  Comments[0]

Pre-pack administration secures Tradpak's future

Jobs have been saved at a Yorkshire-based packaging, waste and recycling company after a pre-pack administration stopped the business collapsing.

Posted at 06:30AM Feb 19, 2013 by Kris Wigfield in pre pack administration  |  Comments[0]

Pre-pack administration proves useful in the City

Pre-pack administration saves one of the City's oldest brokers.[Read More]

Posted at 06:40AM Feb 11, 2013 by Kris Wigfield in pre pack administration  |  Comments[0]

Pre-pack administration proves a success for small business

In a move that shows that pre-pack administration deals can prove the saviour of small businesses as well as household names, administrators from Chantrey Vellacott DFK have rescued a firm struggling after a former employee stole nearly £200,000.[Read More]

Posted at 06:35AM Feb 03, 2013 by Kris Wigfield in pre pack administration  |  Comments[0]

Dreams of pre-pack administration for bed retailer

The retail chain Dreams has been put up for sale in an effort to secure its future after poor sales. It is likely that any buyer will use a pre-pack administration deal to secure the business’s future.[Read More]

Posted at 06:17AM Jan 30, 2013 by Kris Wigfield in pre pack administration  |  Comments[0]

Pre-pack administration deal fails to save La Senza.

Despite being the subject of a pre pack administration deal in early 2012, lingerie company La Senza is undergoing liquidation.[Read More]

Posted at 02:22AM Jan 18, 2013 by Kris Wigfield in pre pack administration  |  Comments[0]

Bea's of Bloomsbury in pre-pack administration deal

Bea's of Bloomsbury survives after entering a pre pack administration deal.[Read More]

Posted at 07:32AM Jan 13, 2013 by Kris Wigfield in pre pack administration  |  Comments[0]

Recruitment company bought in pre-pack administration deal

The owner of a recruitment company that collapsed with undisclosed liabilities has been bought by its owner in a pre-pack administration deal.[Read More]

Posted at 03:37PM Dec 10, 2012 by Kris Wigfield in pre pack administration  |  Comments[0]

Pre-pack administration deal saves AEA Technology

Engineering consultancy Ricardo has bought AEA Technology for 18m under a pre-pack administration deal. AEA was spun out of the Atomic Energy Authority in 1996, but was recently crippled by pensions liabilities and placed into administration.[Read More]

Posted at 03:32PM Dec 10, 2012 by Kris Wigfield in pre pack administration  |  Comments[0]

Upholstery manufacturer saved by pre-pack administration

Nigel Price and John Kelly of Begbies Traynor were appointed as joint administrators of Kevin France Upholstery Ltd on 31 August 2012, after the Black Country company collapsed owing owing unsecured creditors more than £2m.

Posted at 03:28PM Nov 08, 2012 by Kris Wigfield in pre pack administration  |  Comments[0]

Will Comet enter a pre-pack administration deal?

British electrical products retailer Comet Group Ltd. is poised for bankruptcy administration after filing an intention to appoint administrators on Thursday, Nov. 1. Deloitte LLP has been appointed to manager the process.
[Read More]

Posted at 09:10PM Nov 04, 2012 by Kris Wigfield in pre pack administration  |  Comments[0]

Pre-pack administration saves jobs at Piccadilly AV

Thirty jobs have been saved at an audio visual company in Warwickshire following a pre-pack administration deal.[Read More]

Posted at 03:23PM Oct 22, 2012 by Kris Wigfield in pre pack administration  |  Comments[0]