Moorfields appointed Administrators over a Charity in Carlisle

On 23 May 2013, Simon Thomas and Shelley Bullman of leading insolvency and restructuring firm, Moorfields Corporate Recovery LLP, were appointed joint administrators of specialist charity, The Pride Foundation Ltd.

The charity, which has been established for over 13 years, is involved in religious and educational advancement, primarily funded by investments in land and property.

The Pride Foundation owns an industrial estate in Carlisle which the administrations will be marketing for sale. Any interested parties should contact Moorfields Corporate Recovery by email to info@moorfieldscr.com or phone 0207 186 1157.

Simon Thomas, joint administrator at Moorfields Corporate Recovery, said: “The city of Carlisle has a significant range of influence over large parts of the north west of England and south west Scotland. The Pride Foundations Ltd’s industrial estate therefore represents an interesting prospect for investors or operators. We will be exploring a number of opportunities to unlock value.”

For media enquiries, please contact:

Katie Smith
Tel: +44 (0) 20 7186 1143
Email: ksmith@moorfieldscr.com

About Moorfields

Moorfields is one of the UK's leading independent firms of restructuring and insolvency specialists. Our highly skilled teams include restructuring professionals and licensed insolvency practitioners who provide leadership, experience and high quality advice to companies and their stakeholders in financially distressed situations

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