Recent projects
To find out more about how we work with clients like you, please see a selection of our recent projects below, providing a snapshot of the breadth of work that we undertake. If you want to know more about our team’s recent experience, please do not hesitate to get in touch.
Investigation on behalf of water treatment company
• Regarding classification & volume of waste removed from riverbed refurbishment
• Disappearance of skips containing scrap metal
• Staff collusion to enable these practice to continue over a period of time
• Resulted in staff disciplinaries & repayment of monies lost
• Disappearance of skips containing scrap metal
• Staff collusion to enable these practice to continue over a period of time
• Resulted in staff disciplinaries & repayment of monies lost
Informal Restructuring of Pan-European Fund Manager
• Regulated business operating across a number of major European jurisdictions
• Marshalling of cash flow to enable the eventual repayment of all creditors as well as sustaining existing core business
• Agreeing repayment plans with individual creditors in a large number of jurisdictions
• Marshalling of cash flow to enable the eventual repayment of all creditors as well as sustaining existing core business
• Agreeing repayment plans with individual creditors in a large number of jurisdictions
Administration of contract painting business
• 18m turnover business specialising in contract painting
• 150 employees over various sites in UK
• Significant arrears with HMRC
• Managed an accelerated sale campaign
• Sold business and assets via an Administration process preserving all jobs and contract book debt ledger
• 150 employees over various sites in UK
• Significant arrears with HMRC
• Managed an accelerated sale campaign
• Sold business and assets via an Administration process preserving all jobs and contract book debt ledger
Investigation on behalf of a telephone regulator service in the UK
• Replaced the previous insolvency practitioners at the request of the largest creditor
• Extensive investigations to be conducted in relation to the conduct of the company
• Company was found guilty of breaching telephone regulations in respect of excessive charging on SMS subscriptions
• Regulatory fine was in excess of £900,000
• Extensive investigations to be conducted in relation to the conduct of the company
• Company was found guilty of breaching telephone regulations in respect of excessive charging on SMS subscriptions
• Regulatory fine was in excess of £900,000
Vendor Transaction Services
• Advising specialist construction services company during M&A process
• Working in conjunction with PKF corporate tax team
• Provided financial analysis and scenario planning for existing investors
• Supported Board during negotiations with purchaser
• Working in conjunction with PKF corporate tax team
• Provided financial analysis and scenario planning for existing investors
• Supported Board during negotiations with purchaser
Company Voluntary Arrangement of a crate hire and logistics services business
• An interesting appointment in that the proposal does not provide for any return to unsecured creditors
• HM Revenue & Customs will receive all funds as preferential creditors
• Creditors have therefore agreed to write off their debts in order to retain the company as a customer
• As unsecured creditors would receive nothing under any alternative insolvency regime, their support displays a welcome maturity and understanding of current economic conditions
• HM Revenue & Customs will receive all funds as preferential creditors
• Creditors have therefore agreed to write off their debts in order to retain the company as a customer
• As unsecured creditors would receive nothing under any alternative insolvency regime, their support displays a welcome maturity and understanding of current economic conditions
Closure of an online grocery retail business
• Issues include the safeguarding of consumer creditors
• Possible sale of part of the business currently being negotiated
• Possible sale of part of the business currently being negotiated
Administration of Financial Services business
• Holding company with regulated subsidiaries worldwide
• We have exchanged on asset sale which is subject to regulatory approval in multiple jurisdictions
• We have exchanged on asset sale which is subject to regulatory approval in multiple jurisdictions
Company Voluntary Arrangement of recruitment business
• Liabilities mounted during various lockdowns
• Viable underlying business
• Creditors have approved the arrangement which provides for a greater return over time thereby providing valuable breathing space for the company
• Viable underlying business
• Creditors have approved the arrangement which provides for a greater return over time thereby providing valuable breathing space for the company
City of Plymouth Credit Union
• James Sleight and Peter Hart appointed Joint Administrators on 27 April 2022
• Assignment centred around devising and actioning wind down plan to enable compensation to its 2,383 members
• Assisting vulnerable members to seek alternative banking arrangements and timely receipt of ongoing benefits
• Assignment centred around devising and actioning wind down plan to enable compensation to its 2,383 members
• Assisting vulnerable members to seek alternative banking arrangements and timely receipt of ongoing benefits
City of Plymouth Credit Union
• Company used investors funds in a Ghana based mining project
• Appointment was made by the investors as creditors of the company
• Investigations are underway into the running of the company and the use of the investors funds
• Appointment was made by the investors as creditors of the company
• Investigations are underway into the running of the company and the use of the investors funds
Administration of two residential property SPVs
• The appointments follow the wider collapse of a Kent based property investment group
• Property assets sales are progressing
• Principal lenders are likely to be repaid in full, although there will be a significant shortfall to secondary investors
• Property assets sales are progressing
• Principal lenders are likely to be repaid in full, although there will be a significant shortfall to secondary investors
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