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SILICON VALLEY BANK - “The biggest financial failure since 2008 will potentially leave thousands of UK tech firms on the brink of collapse”

The Bank of England sought a Court Order late on Friday night to place SVB’s UK arm into insolvency. Many hundreds of UK tech firms now fear they could go under if the Government doesn’t step in with some form of support.

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JOBS SAVED AS MOORFIELDS SECURE SALE OF GLOBAL ELITE COACHING PROVIDER

Following the appointment of Andy Pear and Milan Vuceljic of Moorfield Advisory as joint administrators of Mandarin Consulting Limited on 27th February 2023, a sale of the business and assets has been completed saving 20 jobs.

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UNIQUE OPPORTUNITY AVAILABLE AS BUYER SOUGHT FOR UNMANNED AIRCRAFT OPERATOR

On 2nd March 2023 Andy Pear and Mike Solomons of leading Rescue and Recovery specialists Moorfields Advisory were appointed joint administrators of Flylogix Ltd.

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MOORFIELDS ADVISORY APPOINTED ADMINISTRATORS OF 3F PELLETS

Restructuring and recovery specialists Andy Pear and Milan Vuceljic of Moorfields Advisory were appointed Joint Administrators of 3F Pellets Limited (“3F Pellets”) on 22 February 2023.

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MOORFIELDS SECURE BUYER FOR MILK SUPPLIER, SAVING 36 JOBS

Moorfields Advisory has secured the sale of the business and assets of one of the UK’s leading milk and foodservice suppliers, Braeforge Limited trading as Pensworth, via a pre-packaged administration sale saving 36 jobs.

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