News Centre

Simon Thomas and Fred Satow at Moorfields Corporate Recovery LLP were appointed joint liquidators of the Company in June 2010 following administration which was undertaken by another insolvency practice. Creditors of European Colour specifically chose Moorfields to act as Liquidators at a meeting of creditors in May 2010 to resolve outstanding matters, bring a swift conclusion to the insolvency process and issue a final dividend to the unsecured creditors. European Colour was a pigment manufacturing company located in Stockport and south-east London with annual turnover is excess of £15m. Please contact Simon Thomas or Fred Satow on 0208 528 1090 Moorfields Corporate Recovery LLP is one of the UK's leading independent firms of restructuring and insolvency specialists. Its clients range from small businesses and SME's to major multinationals.

Simon Thomas and Fred Satow at Moorfields Corporate Recovery LLP were appointed joint administrators of the Company in July 2010 by a qualifying floating charge holder. The Company was a well established KTM & now Husqvarna motorcycle dealer based in London. The company sold parts and accessories for KTM & Husqvarna motorcycles and was one of the best KTM dealers in the UK with turnover is in excess of £1.3m. The trading site is now closed for business and our principle duty is to pursue any remaining realisations for the benefit of the creditors. Please contact Simon Thomas or Fred Satow on 0208 528 1090 Moorfields Corporate Recovery LLP is one of the UK's leading independent firms of restructuring and insolvency specialists. Its clients range from small businesses and SME's to major multinationals.

Simon Thomas and Fred Satow at Moorfields Corporate Recovery LLP were appointed joint administrators to Cyntergy Services Limited on 28 May 2010 at the request of the directors. Cyntergy Services Limited is a leading supplier of retail IT helpdesk support. The company has 90 employees based at its offices in Sunbury on Thames. Cyntergy Services Limited was subject to a management buy-out from Clarity PLC in May 2008. The downturn in the economy in 2008 saw the business experience a considerable drop in training turnover and in the first quarter of 2009 the Company suffered a loss . Following the losses suffered , the Company undertook a cost saving exercise resulting in savings of 20%. It also entered a payment plan with a major creditor, HM Revenue and Customs (‘HMRC’), in order to repay a debt of more than £260,000. In the 11 months ending 28 February 2010 the Company suffered a further trading loss and neither investors, directors or the parent company were able to invest funds. In April 2010, Moorfields Corporate Recovery (‘Moorfields’) was engaged by the Company’s directors to provide independent advice regarding their current financial position.. After several weeks of marketing and negotiation with interested parties, agreement was reached with Clarity PLC and immediately following the appointment of Simon Thomas and Fred Satow as joint administrators, a sale of the business was effected to a Clarity subsidiary. Simon Thomas said “We are very pleased to have secured a sale of the business and continuation of employment for the significant number of employees. As a former owner of the business and major customer Clarity has a detailed knowledge of what is required to take things forward. Our options were restricted by a number of factors, including the small market the business operated in, all of which makes this sale a great success.” Related article:http://www.proactiveinvestors.co.uk/companies/news/17130/clarity-commerce-buys-previously-owned-cyntergy-services-from-administrators-17130.html Please contact Simon Thomas or Fred Satow on 0208 528 1090 Moorfields Corporate Recovery LLP is one of the UK's leading independent firms of restructuring and insolvency specialists. Its clients range from small businesses and SME's to major multinationals.

Simon Thomas and Fred Satow, partners at Moorfields Corporate Recovery LLP and joint administrators to Jack Holt Ltd (“Holt”) are pleased to announce that following an intensive three week marketing period they have successfully completed a sale of the business and assets to Holt Marine Ltd. The sale is on a going concern basis saving a number of jobs and will allow the well established Holt brand to build on their historic success and flourish once again. 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 Jack Holt Ltd” A spokesman for Holt Marine commented on the purchase: “We are pleased to have purchased the business and continue trading under the Holt brand. It is important for us to move the new business forward by building strong relationships with both customers and suppliers”.

Acting on behalf of Joint LPA Receivers Simon Thomas and Fred Satow from Moorfields Corporate Recovery LLP, Christie and Co is marketing the freehold interest of the Manor Hotel near Dorchester, Dorset, with offers in the region of £1.3m sought. Located near the West Dorset coast the 13-room hotel comprises a 65-cover restaurant, a 40-cover cellar bar, 15-cover conservatory, 14-cover main lounge, and nine-cover snug. Dating back to the 16th Century, the property, occupies an elevated position in the village of West Bexington, with direct access to the beach. Ed Bellfield, director at Christie and Co, said: “This a superb opportunity to acquire a long-established and formerly privately-owned business, which has attracted a robust revenue stream from leisure and weekend tourists. Set in a renowned and unique seaside location, we expect the Manor Hotel to generate a high-level of interest Moorfields Corporate Recovery LLP is a leading provider of Corporate Advisory, Restructuring and Recovery services. Our highly skilled teams provide leadership, experience and high quality advice to companies and their stakeholders in financially distressed situations.