Turnover: £10m +
The company lost its main customer following a contraction in its market caused by macro-economic factors.
The company was placed into Administration and traded for eight weeks whilst we agreed a sale of the business.
- The restructured business was sold as going-concern, saving a large number of jobs.
- The secured creditor was repaid in full.
- Unsecured creditors were repaid c. 50p in the pound.