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...It allows the regulator, Ofwat, or the secretary of state to appoint special administrators from private insolvency companies to manage the business in the case of a financial collapse so that essential...
...a settlement with administrators of the failed UK investment firm....
...Signa Development itself entered insolvency three weeks later — on the final business day of the year....
...Benji Dymant, joint administrator, said that Authentic Brands, the US owner of the Ted Baker brand, was in advanced discussions with several potential operating partners to take over Ted Baker in the UK...
...The Body Shop has appointed administrators for its UK arm, weeks after its new private equity owners took control of the business in a £207mn deal....
...Ted Baker is on the brink of collapse unless it finds a new business partner, casting doubt over the future of hundreds of high street jobs at the UK fashion brand....
...The Body Shop has appointed administrators for its UK arm, three months after its new private equity owners took control of the business in a £207mn deal....
...In 2021, it held talks over a potential £1.4bn takeover with the then UK-listed fund administration business Sanne. The business was ultimately acquired by Apex Group, another fund administrator....
...A total of 273 staff were dismissed to allow the business to trade through administration as insolvency practitioners sought potential buyers for the brand....
...The Body Shop appoints administrators for UK business...
...Administrators at FRP Advisory said on Tuesday they expected more than half of the store network to remain open after it restructures the business....
...The Body Shop’s new European private equity owners are set to call in administrators for its UK business only weeks after the retailer changed hands in a £207mn deal....
...Aurelius indicated that they would be supportive of a CVA to rescue the business, the documents said....
...The UK arm of the business fell into administration earlier this year....
...Administrators at EY said they are “exploring options for the sale of the business and assets”, which include electric vehicle platforms and intellectual property. Read more here...
...Just €250mn of the €5.26bn of debt owed by the company at the centre of René Benko’s collapsing property empire had been secured against tangible assets, said its administrator, raising fresh questions about...
...The strains of the administration on Booth and other Hartley customers was exacerbated by the administrator imposing a transfer ban....
...But putting Thames Water into a special administration regime — and quickly — would have its benefits.To be clear, a scenario where Thames is run temporarily by a special administrator on behalf of the UK...
...The Body Shop collapsed owing almost £50mn to unsecured creditors, who face being left out of pocket, as the administrators pursue a company voluntary arrangement in a bid to keep the retailer’s shops open...
...It bought Joules out of administration and the intellectual property of Cath Kidston....
...While LCF purported to use the funds to provide much-needed finance to small and medium-sized enterprises, “in reality most of the borrowers couldn’t really be said to be carrying on any business at all”...
...The accounts of the Signa Group were never consolidated, and thanks to the way Benko ran the business — shifting around assets, cash and debts — some investors have been left unaware of what assets they...
...The same week last month that Aurelius placed the UK company in the hands of administrators, Trautwein told international staff that the German arm had also fallen into administration, according to two of...
...Brexit was also a huge blow to the business, which runs all of its distribution out of the UK....
...potential renationalisation of the business....
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