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...The administrator expects to recover none of the money, according to Signa Development’s insolvency filing....
...Recovering the missing cash would be the “decisive factor” in repaying creditors, the administrator’s report added. SDS’s administrator has now recommended its assets be placed into a trust....
...The administrators’ case against other defendants, including the firm’s former chief executive Michael “Andy” Thomson, is ongoing and proceedings are scheduled to continue next week....
...My wife was not entirely pleased when I told her I was applying, but now that she understands my true motive, she is wholly behind the plan....
...In recent weeks, buyout groups have struck a series of multibillion-dollar deals to buy assets from rivals including Cinven’s €4.9bn agreement to buy fund administrator Alter Domus from Permira and Clayton...
...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...
...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 has appointed administrators for its UK arm, weeks after its new private equity owners took control of the business in a £207mn deal....
...UK private equity group Cinven is set to acquire a majority stake in fund administrator Alter Domus from Permira, according to people familiar with the matter, in a deal that highlights rising interest from...
...Staff were also forced to vacate its offices in London last month while the administrators have sold off the furniture....
...The retailer filed a notice of intention to appoint administrators at the High Court in London on Tuesday....
...“The restructuring administrator and the expert consulted by him are conducting the related sales negotiations or are fully involved in them,” said Stapf....
...The news comes a week after private equity owners Aurelius appointed administrators at FRP Advisory to radically slim down the business....
...A spokesperson for Signa Prime’s administrator, Norbert Abel, confirmed outline details of the restructuring plan but declined to comment further....
...Cinven has agreed to buy a majority stake in the fund administrator Alter Domus from Permira, in a €4.9bn deal that is one of the biggest between private equity groups over the past year....
...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....
...Whitaker said the plan should incorporate the findings of an expert panel and the FAA’s ongoing audit of the company’s manufacturing and quality processes....
...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....
...Erhard Grossnigg, the companies’ administrator, said hundreds of millions of euros were needed “quickly” to tide the companies over until April and avoid writedowns....
...“The joint administrators will continue to assess the appropriate structure for the business as sale discussions progress,” said Teneo in a statement....
...The Body Shop collapsed owing almost £50mn to unsecured creditors who face being left out of pocket as administrators pursue a company voluntary arrangement in an effort to keep the retailer’s remaining...
...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...
...FTX is on track to repay its customers up to two-fifths more than the initial value of their claims as administrators for the collapsed exchange capitalise on surging prices of cryptocurrency and artificial...
...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 administrator for the company at the centre of René Benko’s property empire has sacked the party planners, receptionists, hunters and private jet crew that together made up most of its staff, a court...
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