BusinessBusiness RecoveryNew deal to rescue pop promoter

New deal to rescue pop promoter

Tony Supperstone of BDO Stoy Hayward has negotiated a deal to rescue pop promoter Triple A. The company, whose clients include Kylie Minogue and Blue, went into administration last month after not being paid. It had a turnover of £35m and had debts of £7m. To rescue Triple A, the company's founder set up a new venture called 3A, under which name the company will continue trading.

SPW Licensed Insolvency Practitioners have merged with the London office of Poppleton and Appleby. The new enlarged practice, which started operating as a unit from 1 July, is now known as SPW Poppleton & Appleby licensed insolvency practitioners.

Creditors for Yorkshire training company Q-mat stand to get a higher return on their investment after mid-Yorkshire chamber of commerce and industry, its parent and largest creditor, waived its rights to any payout. The company went into administration and was wound up in August 2002 owing creditors more than £600,000.

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