Moorfields assists In ‘n Out Services Limited
Simon Thomas and Fred Satow, partners at Moorfields Corporate Recovery LLP and joint administrators to In ‘n Out Services Limited (“INO”) are pleased to announce that following an intensive three week marketing period they have successfully completed a sale of the business and assets to In ‘n Out Centres Limited (formerly Ensco 803 Limited).
The sale is on a going concern basis saving a significant number of jobs and will allow the INO brand to build on its growing reputation in the market place for high level of service and customer satisfaction.
Simon Thomas, Insolvency Practitioner of Moorfields commented on the sale:
“There has been a large amount of interest in acquiring the business, with a number of competitive offers made. We are pleased with the outcome as it was the offer which represented the best outcome for the creditors of In ‘n Out Services Limited”
Should you wish to speak to Simon Thomas please call 0207 186 1144.
Moorfields Corporate Recovery LLP is one of the UK's leading independent firms of restructuring and insolvency specialists.
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