Allied Carpets Properties has filed a notice of intention to appoint an
administrator, understood to be BDO Stoy Hayward,
It is unclear whether an administration of the property division would impact
on Allied’s core retailing operations. The business is in private equity hands
after being bought by Sigma Capital in March, a fund backed by Hilco.
Allied Carpets is the UK’s second largest floorings retailer. It is currently
in the final stages of completing debt refinancing and is also undertaking a
Hilco has had exposure to other distressed retailers in the past 12 months.
It tried to buy Woolworths and advised Deloitte during the failed retailer’s
closing down sale. Hilco was also represented on MFI’s board.
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