Save has secured funds to stop the retailer from entering into
Following days of press speculation, Grant Thornton partner Les Ross said the
accounting firm’s partners were not required to manage a Kwik Save
administration, as the retailer withdrew its petition order for an
has today confirmed that while it had been on standby to deal with an
administration, [Kwik Save] management had been making strenuous attempts to
raise additional funding and has now been successful in doing so.
‘Consequently at a Court hearing on Wednesday 7 March, the director’s
petition for an administration order was withdrawn,’ said Ross.
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