BusinessCompany NewsLiquidator called in at publisher of Les Routiers

Liquidator called in at publisher of Les Routiers

Harris Lipman representative called in to oversee the sale of hospitality guide publisher's entire assets to associated company

Martin
Atkins
, of London based chartered accountants and licensed insolvency
practitioners Harris
Lipman
LLP has been appointed as liquidator of Les Routiers.

The hospitality guide book specialist was placed into liquidation on 12
January and has been purchased by leading UK purchasing consortium ipa Group
Limited. The buyer has been associated with
Les Routiers for a number of years as
their official purchasing organisation.

Bob Payne, chairman of ipa said: ‘When Routiers UK went into voluntary
liquidation we were saddened at the apparent demise of the company and concerned
at the potential damage that would be done to members and indeed to what is
generally considered to be one of the icons in the hospitality guide book
industry here in the UK.’

This prompted ipa to approach Routiers to see if a rescue package could be
put together, but a settlement could not be reached. As a result, ipa offered to
buy all the assets within the company and rebuild the business.

Payne said: ‘We at ipa are now developing a completely new business model
which hopefully will transform the guide and the brand in the UK. To demonstrate
our commitment, we have published next year’s guide in its entirety and are now
setting out on a major initiative to regain ground lost during the last few
months whilst the company was in voluntary liquidation. We will be contacting
all the members to encourage and reassure them that the company is in good hands
and together we will build the brand into a major icon once again.’

Further reading:

Overview: court battle over cartoon

Coys liquidators fail in High Court
bid

Farepak parent company owes £80,000 to
directors
 

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