Kroll, the administrator of collapsed retailer Allders has successfully sold another three shops, and has now sold 26 of the defunct business’ 45 stores.
The Times reports that Capital & Regional and Morley Fund Management has bought the freehold of the Camberley store. Minerva, the landlord that owned 60% of Allders, took back its lease on the Croydon building, while Westfield and Hermes took back the lease on the Nottingham Broadmarsh store.
Kroll has now raised over £100m from selling off Allders’ property.
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