Ernst & Young’s insolvency head Alan Bloom has been lined up to handle
the potential administration of struggling rail operator Metronet,
according to reports .
Adminstrators were expected to be called in to Metronet at some point this
week, after it failed to receive funds from the government that it needed to
continue to operate.
Bloom oversaw the year-long administration of Railtrack, which saw E&Y
make £20m from its advisory work. He also worked with Garry Wilson as joint
administrator of Leeds United FC in 2004.
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