The Times reported that administrators from Kroll had failed to find a suitable buyer and that the site would revert back to landlords Redevco, who are expected to step in at the end of the month when the Allders ceases trading.
Redevco has already received planning permission to split up the 100,000 sq ft into three or four separate units and redo the shop fronts.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies