WINE BAR operator Balls Brothers have been sold out of administration by Zolfo Cooper.
Joint administrators Nick Cropper, Peter Holder and Stuart Mackellar, partners at Zolfo, secured the sale of Balls brothers to Novus Leisure.
“[The sale] represents an excellent result for the companies’ creditors and preserves the employment of over 300 employees in the City and West End of London,” said Cropper.
The group’s other bar chain, Lewis & Clarke, was also sold in the deal.
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