Business Recovery: News in brief

The company has been in administration since 12 June.

The sale of 22 stores has been made to two directors at high street fashion chain Pilot International with one store sold to De Keyser Fashions.

Mick McLoughlin, joint administrative receiver for The Albert Fisher Group plc, has sold the company’s Fisher Foods’ Fraserburgh and Peterhead businesses to Macrae’s.

The businesses employ 770 staff, and supply seafood products.

Kroll Buchler Phillips partners Simon Freakley, Gurpal Johal and Alastair Beveridge have been appointed administrators of Budget Rent-A-Car’s UK subsidiary following the parent company’s filing for Chapter 11 in the US on 29 July.

Insolvency specialists at Leonard Curtis & Co have been appointed administrators of photographic companies FotoStop Express and Marston Associates.

The company employed 60 people and had a turnover of just under #15m in the year to September 2001. Marston Associates provides lease finance for photo processing equipment.

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