KPMG has been appointed to restructure the debts of regional newspaper group
The immediate task is to refinance Johnston’s bank facilities which are due
to expire in September 2010.
Like many media outlets, the publisher of the Scotsman and the Yorkshire Post
has suffered a sharp decline in advertising revenue in line with slower UK
The group says its focus is on cutting costs and repaying debt. Net
borrowings stood at £465m last November.
UK private investor Endless LLP acquires the high street retailer, saving 840 jobs
Mark McMullen joins the private client services team from Smith & Williamson
Three new partners and seven business restructuring advisers have been appointed to the new Preston office
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February