Ernst & Young may be close to winning the high-profile administration of
the UK assets of Landsbanki, the troubled Icelandic bank.
The government approached veteran administrator Alan Bloom to see if he would
step in, according to
Bloom and three other administrators from E&Y are already helping the
directors of Landsbanki subsidiary Heritable UK plc manage its loan book, while
looking for a buyer for the remainder of the business.
E&Y is also handling operations at Kaupthing Singer & Friedlander
Limited, the UK arm of Icelandic bank Kaupthing.
On the issue of the Landsbanki administration, the firm declined to comment
on press speculation.
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
Smith & Williamson has been appointed administrators of charity 4Children