BusinessBusiness RecoverySeven-year administration ends for rugby club

Seven-year administration ends for rugby club

PricewaterhouseCoopers has completed the company voluntary arrangement (CVA) for rugby league club Hull Kingston Rovers, a staggering seven years after it first entered into administration.

Link: Business recovery news

PwC had appointed Edward Klempka and Nick Reed as joint supervisors to the club.

‘This has been a long and complex assignment and we are pleased that the club is now free to pursue its ultimate goal of achieving Super League status,’ commented Klempka.

Hull Kingston Rovers entered into administration in January 1997 and agreed an arrangement with its creditors in December 1999.

Related Articles

Investment firm acquires Avon Steel Company Limited

Business Recovery Investment firm acquires Avon Steel Company Limited

5d Emma Smith, Managing Editor
Manchester law firm enters into administration

Business Recovery Manchester law firm enters into administration

5d Emma Smith, Managing Editor
KPMG appoints new global head of insolvency

Business Recovery KPMG appoints new global head of insolvency

3w Emma Smith, Managing Editor
EY hired by Carillion to review finances

Accounting Firms EY hired by Carillion to review finances

5m Alia Shoaib, Reporter
Using insolvency as a debt recovery tool

Business Recovery Using insolvency as a debt recovery tool

6m Emma Smith, Managing Editor
UK government should support mid-sized businesses to create a ‘new economy’ post-Brexit, says BDO report

Business Recovery UK government should support mid-sized businesses to create a ‘new economy’ post-Brexit, says BDO report

8m Alia Shoaib, Reporter
Over 800 jobs saved as Endless LLP acquires Jones Bootmaker

Business Recovery Over 800 jobs saved as Endless LLP acquires Jones Bootmaker

9m Emma Smith, Managing Editor
FRP Advisory expands operation with new office, partner appointments

Accounting Firms FRP Advisory expands operation with new office, partner appointments

10m Emma Smith, Managing Editor