BDO take over more Dawnay Day operations

Dawnay Day Properties and Dawnay Day International, which specialise in
property investment, fund management and financial services, are the latest
operations to be put under administrator
Stoy Hayward
‘s control.

Other Dawnay Day businesses continue to trade under the existing management,
BDO told The Daily Telegraph.

Starlight Investments and Insureprofit, two other property companies
controlled by the Dawnay Day Group, were put into receivership earlier this
month, in what is said to be the biggest single property insolvency in the UK
since the economic downturn started.

Dawnay Day’s high street chain Austin Reed is understood do be trading as
normal but Nick Hollingworth, Austin Reed chief executive officer, is reportedly
considering a bid for the company if it is put up for sale.

Further reading:

Dawnay Day creditors call in receivers

E&Y veteran to restructure Dawnay Day

The Daily Telegraph story

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