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Insolvency experts from mid-tier firm looking for a buyer after troubled garage door company goes into administration. Administrators from Moorfields Corporate Recovery LLP (formerly RSM Bentley Jennison & Co LLP) have been called in at Cardale Group, the struggling company which caters for 40% of the UK's residential garage door market. Simon Thomas and Fred Satow are now keeping the company trading while looking for a buyer. The companies in administration comprise Cardale Group Limited, Cardale Properties Limited, Cardale Doors Limited, Bowburn Limited and Wessex Garage Doors Limited. Simon Thomas, joint administrator, said: 'We are very optimistic that there will be a high level of interest in the group, given their significant market share, established brand names and multiple locations across the UK. 'As such, we will be looking for a quick sale. Moorfields Corporate Recovery LLP is a leading provider of Corporate Advisory, Restructuring and Recovery services. Our highly skilled teams provide leadership, experience and high quality advice to companies and their stakeholders in financially distressed situations.

Moorfields Corporate Recovery LLP (formerly RSM Bentley Jennison & Co LLP); were appointed Administrators over Torbay Hotels Limited on 1 July 2009. Simon Thomas and Fred Satow, partners in Moorfields Corporate Recovery LLP were appointed by Abbey National PLC. ??The 40 room hotel is currently full and will continue to trade as normal while offers are reviewed and purchasers are sought. Simon Thomas, Administrator, said: We are optimistic that there will be lots of interest and we are looking for a quick sale of the business. ??Anyone interested in purchasing the hotel should contact the agents Colliers. Moorfields Corporate Recovery LLP is a leading provider of Corporate Advisory, Restructuring and Recovery services. Our highly skilled teams provide leadership, experience and high quality advice to companies and their stakeholders in financially distressed situations.

The nationwide bookseller, Borders UK has called last minute rescue talks with 1, 100 jobs at risk. The bookseller has been ravaged by internet competition and encroachment on its market by supermarket chains. It was spun off from Borders Group, its American former parent company in 2007, when it was brought for £20million by Risk Capital, the private equity firm owned by Luke Johnson. Restructuring specialists from Moorfields CR were appointed by Risk Capital to oversee the dramatic reduction of the number of stores from 79 to 45. The flagship store in Oxford Street, London was sold this year to New Look, the expanding fashion retailer. Moorfields Corporate Recovery LLP is a leading provider of Corporate Advisory, Restructuring and Recovery services. Our highly skilled teams provide leadership, experience and high quality advice to companies and their stakeholders in financially distressed situations.