BusinessBusiness RecoveryCreditors swap RSM Tenon for PKF as liquidators

Creditors swap RSM Tenon for PKF as liquidators

The creditors for collapsed wine distributor D & D Wines International swap RSM Tenon administrators for PKF liquidators

THE MAJORITY of creditors at a wine distributor have rejected RSM Tenon administrator proposals, in favour of appointing PKF liquidators.

On 27 April, RSM Tenon administrators Christopher Ratten and Jeremy Woodwide were appointed to the Cheshire-based wine distributor D & D Wines International.

The majority of creditors, £7m in value out of £10m, rejected the administrators’ proposals which included selling stock and liquidating the company.

Instead, the creditors decided that they wanted an independent review of the company and that it should proceed into liquidation with PKF partners Kerry Bailey and Trevor Birch (pictured).

D & D had a turnover of about £50m and 28 staff prior to its collapse this year.

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