RoyaleLife Group sale to Ambassador Regency Group
22 January 2024We’re pleased to share that RoyaleLife Group, of which we are appointed Administrators, has sold it’s thirty-five park bungalow sites...
Turnaround, Restructuring & Insolvency (TRI)
Recent solutions
Options Review
A review of the solvency position of the entity and turnaround strategies.
Year: 2023
Location: Southern England
Outcome:
- Restoration of solvency
Pre-pack Administration sale to an independent third party
Pre-pack sale to an independent third party preserving the employment of circa 100 members of staff.
Year: 2023
Location: Southern England
Outcome:
- Preservation of jobs and return to creditors ongoing
Solvent Liquidation
Solvent liquidation extraction of shareholder wealth in a tax efficient manner.
Year: 2023
Location: West Sussex
Outcome:
- Return to shareholder circa £50,000
Solvent Liquidation of 8 entities within the group
This was an exercise to simplify the corporate structure and reduce administrative burden and cost for a large group.
Year: 2023
Location: London
Outcome:
- Ongoing
Solvent Liquidation of a technology related business
The solvent winding up of the company extracting the shareholders tax in a tax efficient manner.
Year: 2023
Location: London
Outcome:
- Ongoing
Insolvent Liquidation of a manufacturer of bakery paraphernalia
Following the creditors’ voluntary liquidation we sold the business and assets of the company to achieve the best value for creditors in the circumstances.
Year: 2023
Location: Northern England
Outcome:
- Ongoing
33 Administration Appointments (most of which are trading in administration)
Appointment by the secured creditor to realise their interest in 29 residential caravan parks and properties. The joint administrators have continued to trade the entities whilst seeking buyers in order to preserve the value in the sites.
Year: 2023
Location: Predominantly South of England
Outcome:
- Ongoing
Restructuring advice
Assisting a pre-revenue technology business look at its funding options.
Year: 2023
Location: South Coast
Outcome:
- Exploration of a number of alternative funding solutions
Sale of Intellectual Property Rights
As liquidators of a technology business we preserved the Intellectual Property Rights developed in the business by means of a sale to a company owned and operated by one of the former management team. The business had ceased trading because it could not secure the additional investment funding to see it through to the next phase of product development.
Year: 2023
Location: Oxford
Outcome:
- Preservation of intellectual property rights
Sale of Intellectual Property Rights
As liquidators of a technology business we sold the intellectual property rights and associated equipment to a foreign buyer. The business had not been able to secure the additional investment funding it required to continue and consequently took the decision to liquidate.
Year: 2022
Location: Oxford
Outcome:
- Preservation of the intellectual property rights
- Sizeable returns will be made to preferential and unsecured creditors