Kirk Byrne Home page

Sale of Business and Prescribed Part Dividend Payment to Creditors

Appointed as Liquidators of a Wiltshire hotel business in November 2008. We Successfully completed a sale of the business, together with further asset disposals, realised c160K. This enabled a payment to be made to the floating charge creditor as well as a prescribed part dividend to unsecured creditors.   

The prescribed part represents an element of recoveries set aside for the general body of creditors ahead of any fixed and floating charge creditor.

In this case a further unsecured dividend was able to be made from non charged assets.

The team are professional and courteous and take personal pride in providing the best possible support

Contact Us

  • Head Office: Suite 3 Farleigh House, Farleigh Court, Old Weston Road, Flax Bourton, Bristol, BS48 1UR
  • Tel: 01275 464 038
    Fax: 01275 462 937
  • info@byrneassociates.co.uk

Copyright © 2012-2018 Byrne Associates   |  Privacy Policy  |  Sitemap

R3 - Association of Business Recovery Professionals
ACCA - global body for professional accountants
Byrne Associates twitter feed
Byrne Associates LinkedIn profile
X

Can we help?

Contact us now - 01275 464 038

Call now