BDO take over more Dawnay Day operations

Dawnay Day Properties and Dawnay Day International, which specialise in property investment, fund management and financial services, are the latest operations to be put under administrator BDO Stoy Hayward's control.

Other Dawnay Day businesses continue to trade under the existing management, BDO told The Daily Telegraph.

Starlight Investments and Insureprofit, two other property companies controlled by the Dawnay Day Group, were put into receivership earlier this month, in what is said to be the biggest single property insolvency in the UK since the economic downturn started.

Dawnay Day’s high street chain Austin Reed is understood do be trading as normal but Nick Hollingworth, Austin Reed chief executive officer, is reportedly considering a bid for the company if it is put up for sale.

Further reading:

Dawnay Day creditors call in receivers

E&Y veteran to restructure Dawnay Day

Read The Daily Telegraph story