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"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."

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.

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.