60,000 acres of forest
The group had incurred large losses due to unsuccessful diversification into environmental projects and a lack of financial control.
The charities were unable to continue to trade and an Administration order was made to enable an orderly wind down and distribution of assets.
- The Group’s primary assets were 7 forests, all subject to a series of complex covenants and liens.
- Following extensive legal activity, including a Court of Appeal hearing, the forests were sold and distributions made to creditors and donors.