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.
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.
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.
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]
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]
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]
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]
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.[Read More]
Will Comet enter a pre-pack administration deal?
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.