Will the high street ever be the same?
Simon Thomas, Partner at Moorfields, explores where the issues really lie for retailers and restaurateurs in wake of recent closures and CVA’s.Read more>
Moorfields appointed administrators over luxury Berkshire property development company
Simon Thomas and Robert Pick of Moorfields Corporate Recovery LLP have been appointed Administrators over Hulbert Homes Limited.Read more>
Savills LPA Receivers appointed on portfolio of 45 UK wide assets
NM Rothschild, the originator and servicer of the Alburn Real Estate Capital 6 portfolio (REC 6), has confirmed the appointment of Julian Clarke, Kevin Mersh, Matthew Nagle and Neal Morrison of Savills as joint LPA Receivers of 45 assets throughout the UK.Read more>
Moorfields appointed Administrators over Wholesale Butchers
Simon Thomas and Robert Pick of Moorfields Corporate Recovery LLP have been appointed Joint Administrators over Rowswells & Lees Limited, a wholesale butchers operating in Essex. Rosewells & Lees Limited specialised in the supply of wholesale fresh and frozen meat products to the leisure industry. The well established company had traded for over 20 years supplying high quality produce sourced from Smithfield market, to a number of well known restaurants and hotels around the South East. In 2011 the company started to experience financial difficulty after it suffered from the loss of a major contract which accounted for 50% of its turnover. Moorfields were instructed by the secured lender to assist the management team with the distressed trading period, financial due diligence and an exit strategy. Following a period of marketing, a pre-pack sale of the business was achieved protecting the trade and employees. Simon Thomas, Moorfields Partner said “Our early involvement meant we were able to guide the management team through a distressed situation allowing us to reduce operations, protect the creditors’ interests and devise the most appropriate exit strategy. Had we not been involved at an early stage it is likely trade would have ceased and the goodwill value of the business would have been lost. Moorfields Corporate Recovery LLP is one of the UK's leading independent firms of restructuring and insolvency specialists.Read more>