Administrators from UHY Hacker Young have completed the sale of Portsmouth
The club, sold to Balram Chainrai, Levi Kushnir and Deepak Chainrai, is now
out of administration.
Pompey chief executive David Lampitt praised the work of fans, staff,
administrators and lawyers for their efforts to help affect the sale.
“…An important word of thanks goes to the administrators – Andrew Andronikou,
Peter Kubik, Michael Kiely and the other UHY staff – as well as their lawyers at
Walker Morris. The work that has gone on behind the scenes to get us over the
line should not be underestimated or forgotten about,” said Lampitt.
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