Further trading opportunities
This involved a commercial interior design company which was set up in 1991. Following the notice of intention to appoint an Administrator over the company, the business was marketed for sale but the only offer received was from the director via a newly formed company.
In April 2013, following our appointment, the sale was completed on the recommendation of an independent valuer by way of a pre-pack administration sale. The director believed that there were some pending contracts that would be agreed which would provide further trading opportunities.
The director had given a Personal Guarantee to the secured creditor and this will be reduced by way of repayment through the assets realised during Administration process.
I always recommend clients requiring specialist insolvency advice speak to Byrne Associates as I am confident that they will receive, empathetic and appropriate advice, reflecting well on my practicePeter (PB accountancy )
25 April 2016
22 March 2016
20 January 2016
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