Investment bank NM Rothschild has
been brought in by Metronet
administrator Ernst & Young to do a valuation of the London Underground
maintenance company that collapsed after its costs ran £2bn over budget.
Administrator Alan Bloom is currently trying to get an auction going for the
business, which is owned by WS
Atkins, Balfour Beatty, Bombardier, EDF Energy and Thames Water.
According to The Times, only Transport for London, the parent of
London Underground, has lodged a formal expression of interest in Metronet’s two
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