High-profile entrepreneurs Theo Paphitis and Peter Jones have stepped into
the limelight again, after bagging adventure and activity gifts business Red
Letter Days after just one day in administration.
Jones stars on the BBC’s entrepreneurial show Dragon’s Den,
alongside RLD founder and chief executive Rachel Elnaugh, while Paphitis was
formerly chairman of Millwall Football Club.
The sale of RLD, undertaken by administrators Kroll, came as a result of
‘cash-flow difficulties’ at the business.
Joint administrators Andrew Pepper and Alastair Beveridge said that the sale
‘effectively safeguards’ the future of the business and the jobs of its 130
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
Smith & Williamson has been appointed administrators of charity 4Children