Ernst & Young, the receiver for music store chain
has found a buyer for six shops in the chain, after the HMV Group stepped in.
However another 75 sites are still up for grabs and according to reports, it is
uncertain whether E&Y has found buyers.
A spokeswoman for Ernst & Young said it was still marketing the remaining
shops, including Fopp’s flag-ship store on
London’s Tottenham Court Road, but said the outlets would not be sold as a
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