Administrators from Grant Thornton have asked the courts for another year to
sell Esporta’s parent companies as the firm’s fees climbed past £1.3m.
Total professional fees for the last year reached £2.6m including lawyers and
investment bank fees.
Grant Thornton has asked for the administration extensions of Bell Leisure
Investment I and II to 13 August 2009, to enable it to sell Esporta’s 55 leisure
Advisers are looking to pay off main creditor Société Générale to the tune of
Grant Thornton’s fees came from 3,926 hours’ work, at an average of £331 per
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