PwC, administrators to Enron Europe, confirmed it hoped to recover more than £100m from profitable contracts. A creditors’ meeting is scheduled to take place early next month when more details will emerge.
The US energy giant filed for Chapter 11 bankruptcy protection on 2 December 2001. PwC has already raised more than $143m (£100m) from sales of Enron’s European businesses.
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