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MOORFIELDS ADVISORY SECURE SALE OF CRAFT SODA COMPANY TO US BUYER
Moorfields Advisory, administrators of Gunna Drinks Limited are pleased to have completed a share sale of Gunna Craft Soda Inc.
Read more>RSM Bently Jennison & Co LLP are proud to announce the official launch of its rebrand to Moorfields Corporate Recovery LLP
The London based firm of Corporate Recovery specialists have unveiled a new brand identity in support of their growth strategy. With the re-brand initiatives Moorfields expects to reinforce their confident, market leading position and their consistently flexible attitude to the ever-changing economy. The re-brand includes an exciting new office, logo and website which will allow Moorfields to break away from heritage brand RSM Bentley Jennison to establish itself in the market. The exciting new chapter reflects the companies commitment to delivering specialist professional services and pro-active solutions in restructuring, turnaround and insolvency. The new logo and website incorporates strong visual style, with red and black blocks depicting changes in financial fortunes, the use of imagery was chosen to reflect the fast pace and ever changing economy. The website aims to guide individuals, lenders, creditors and professionals through the corporate advisory, recovery and restructuring services available. Moorfields believes that the re-brand will help them become a substantial force in the market place. Earlier this year the firm were appointed administrators over the Cardale Group Limited(the U.K.’s largest Garage Door Manufacturer) where they successfully sold the company saving over 400 jobs. Other recent assignments include Moorgate Taverns and Torbay Hotels. Phil Smith, Partner said: We recognized the importance of establishing ourselves independently in the market and were keen that our image reflected our attitude and culture. Our focus remains on individual quality solutions for businesses whilst challenging the markets traditional firms approach to recovery. The new brand is a major step forward for us in supporting our growth strategy and achieving our goals of becoming a leading national firm. Simon Thomas, Partner said: This is an exciting time for us and our clients and will improve our presence in the marketplace. Our highly skilled team provide high quality advice based on experience and proven success. 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.
Read more>Moorfields appointed administrators at Moorgate Taverns
"Hertfordshire and South Coast pub chain goes into administration following tough market conditions. Simon Thomas and Fred Satow of Moorfields Corporate Recovery LLP (formerly RSM Bentley Jennison & Co LLP) have been appointed administrators to Moorgate Taverns, the pub operators with approximately ten freehold public houses in their portfolio. The properties owned by the company are largely based in Hertfordshire and along the South coast, with a mix of managed and tenanted houses.??A statement by the administrators has said: ""As a result of the general economic environment, Moorgate has been trading at a loss after finance costs and, due to the downturn in pub values, has been unable to fund the ongoing losses. ""Simon Thomas, joint administrator said: ""The business will continue to trade as usual whilst the best strategy is assessed in order to maximise the potential return for the creditors."" Moorgate Taverns is a wholly owned subsidiary of ‘Pubs n Bars’ which will continue to trade as normal.??Moorfields has been advising the company's bank, Clydesdale for some months the Publican reported. The value of the pubs is estimated to be worth £8m in the year ending December 21 2008, with debts owed estimated to be £7m. 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."
Read more>Sale of Cardale Doors Group Saves Over 400 Jobs
Moorfields Corporate Recovery LLP (formerly RSM Bentley Jennison & Co LLP) is pleased to announce the sale of Cardale Doors Group, for an undisclosed sum, on 18 August preserving over 400 jobs. Simon Thomas and Fred Satow, partners in Moorfields Corporate Recovery LLP,were appointed Joint Administrators over the principal operating companies of the Cardale Group Limited either wholly or partially owned by it, on 14 July 2009. ??The combined business, which manufactures 45% of garage doors in the UK, comprises Wessex Garage Doors Ltd, Cardale Doors Ltd and Bowburn Limited, has been sold as a going concern. Over 400 jobs are preserved at sites including Luton, Verwood, Dorset, Brackley, Scunthorpe, Bowburn and Durham. Simon Thomas, Joint Administrator said, We are extremely pleased to have been successful in selling the businesses as a going concern, which is in the employees; best interests and maximises the potential return for the creditors, ultimately also safeguarding the jobs of over 400 workers. Nick Sibley of BRP Group said: I am delighted to have secured a future for these great brands and look forward to building upon the great traditions these companies have for outstanding products and services. BRP Group (Building Related Products) is a newly formed company which will work to extend its portfolio of products to provide its customers with ever increasing opportunities for profitable sales. 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.
Read more>Moorfields called in at Cardale Group
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.
Read more>Moorfields appointed Administrator over Torbay Hotels Limited t/a Lincombe Hall Hotel
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.
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