Industry > Appointments

Discover Leisure CVA passed by creditors

The company voluntary arrangement (CVA) for AIM-listed caravan retailer Discover Leisure plc’s main trading subsidiary, Signlease Ltd, has been passed at a creditors’ meeting in Leeds today.

Keydata Investments Services administration

Keydata Investment Services, the investment firm which was forced into administration by the FSA last week, mis-sold £250 million of income bonds and savings plans to 30,000 individual customers, it emerged over the weekend, as 40 bidders lined up to buy the company.

Oxford Biosensors enters administration

Biotech Company, Oxford Biosensors has been put up for sale following the appointment of Andrew Pear and Ian Cadlock of Tenon Recovery as Joint Administrators.

Setanta facing administration

The Setanta Sports channels could have just days left on the air. The troubled broadcaster is being advised by Deloitte and could be placed into administration if an agreement cannot be reached with rights holders and investors.

Administrators appointed to Blackpool's Houndshill Shopping Centre

Mark Firmin and Myles Halley from KPMG Restructuring have today been appointed Joint Administrators of Modus Corovest (Blackpool) Limited.

Cobra Beer in pre-pack administration

Cobra Beer, the Indian beer group founded 20 years ago by Karan Bilimoria, was last week bought out of administration by a joint venture controlled by Molson Coors’ UK operation, for an undisclosed fee.

Birthdays in administration

Clinton Cards Plc, the UK’s largest greeting-cards retailer, said its troubled Birthdays greetings card business was placed into administration, putting more than 2000 jobs at risk.

Instant Property Millionaire companies wound up

A group of London companies controlled by the now bankrupt Spencer Michael that promised to help investors become instant millionaires has been wound up in the High Court on grounds of public interest following an investigation by Companies Investigation Branch (CIB)

Begbies Traynor running strip clubs

Gerald Krasner and Andrew Haslam of Begbies Traynor  have been appointed joint administrators of Lookchart Limited, which operates two lap-dancing clubs in Yorkshire.

Chester City enters administration

League Two football club Chester City have decided to enter administration as they prepare for life in the Blue Square Premier.

Shendish Manor falls into administration

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Stockport County FC enter administration

Stockport County Football Club went into on Thursday following a prolonged battle to keep creditors at bay.

LDV applies for administration

LDV applied to be placed into administration on Wednesday after rescue talks involving the Malaysian car-importing group Weststar failed.

Setanta struggling to make football rights payments

Sports broadcaster Setanta has parachuted in a new management team and is holding urgent talks to raise cash and reduce the amount it pays for sports rights.

Southampton in administration

The parent company of Southampton Football Club was placed into administration on Thursday after failing to secure a deal with Barclays over an extension of its £4million overdraft facility.  It also owes £24m to Norwich Union for the construction of its 30,000 seat stadium.

WIN Investing to enter voluntary arrangement

UPDATE 26 July 2009--

Since this article was published, we have confirmed with one of WIN's directors that WIN Investing proposed a voluntary arrangement to its creditors.  The directors confirmed that the company was insolvent, and unable to pay its debts as they fell due.  The proposal was subsequently withdrawn by Darren Winters and co-director Tatjana Valujeva.

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WIN Investing LLP, which heavily advertises its ‘free’ investment seminars on the radio and tube, is to propose a LLP Voluntary Arrangement, a process essentially the same as a company voluntary arrangement.

KPMG appointed administrators of Dunfermline Building Society

Richard Heis, Blair Nimmo, Mike Pink and Richard Fleming of KPMG LLP have been appointed Joint Building Society Special Administrators of Dunfermline Building Society (“the Society”).

LFE Materials Handling enters administration

LFE Materials Handling Limited, the Coventry based designer, manufacturer and supplier of bespoke containers, went into administration on 17th March 2009, with the appointment of Beverley Marsh and Geoff Rowley, Client Partners at Vantis Business Recovery Services (BRS), a division of Vantis, the UK accounting, tax and business advisory group, as joint administrators.

London hedge fund collapses

Weavering Capital, a $639m London hedge fund, has been put into liquidation following the discovery of that virtually all its funds had been invested in an offshore company controlled by the fund’s managing director, Magnus Peterson.

Deloitte pre-packs giant aggregates firm

Deloitte has sold the UK and Polish operating subsidiaries of Ennstone plc, the building supplies group, after being appointed administrator on Tuesday.