News Centre

Moorfields appointed administrators over Acquafish Limited

Simon Thomas and Fred Satow of Moorfields Corporate Recovery were appointed joint administrators of Acquafish, a fish wholesaler in South London. The company supplied fresh and frozen fish to restaurants across London. An Invoice Finance Company providing factoring to the company over a number of years, however with a fall in sales in Q1 2011, the directors made the decision to wind up the affairs of the company by appointing Moorfields Corporate Recovery as administrators. Moorfields successfully sold the residual stock and equipment and are collecting the outstanding sales ledger on behalf of the Invoice Finance company and creditors. If yiou would like further details on the Acquafish administration please contact Simon Thomas on 0208 528 1090 Moorfields Corporate Recovery LLP is one of the UK's leading independent firms of restructuring and insolvency specialists.

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Moorfields appointed administrators over The Cape of Good Hope

Simon Thomas and Fred Satow of Moorfields Corporate Recovery LLP have been appointed Joint Administrators over The Cape of Good Hope (Bridgnorth) Limited. The rural country pub near the village of Bridgnorth in Shropshire accommodates over 100 covers in its gastro pub style restaurant. The pub had been suffering from a fall in trade since December 2010 as a result of the basd weather and rise in VAT. With the assistance of a specialist management company, Moorfields have allowed the business to continue to trade and are currently marketing the business with a view to achieving a sale as a going concern. Any interested parties should contact Moorfields Corporate Recovery on 0208 528 1090. Moorfields Corporate Recovery LLP is one of the UK's leading independent firms of restructuring and insolvency specialists.

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Property market looks set to remain slow

Moorfields Corporate Recovery expect the housing market to remain slow, as the number of mortgages approved for house buyers by UK banks fell by 10% in 2010.

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UK Economy suffers shock contraction over the last 3 months

Economists were expecting the economy to remain stable in the last quarter of 2010, few were anticipating the shock 0.5% decrease recently revealed. The latest GDP figures released by the office of National Statistics (ONS) have raised concerns over prospects for the economy in 2011.

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Moorfields appointed administrators at Trojan Taverns Ltd t/a York House Inn

Lively seaside Inn goes into administration following tough market conditions before Christmas. Simon Thomas and Fred Satow of Moorfields Corporate Recovery LLP have been appointed administrators to Trojan Taverns t/a York House Inn. The seaside pub based in West Somerset was bought by Trojan Taverns in 2007 and has been operating as a 15 room hotel, restaurant and bar. A statement by the administrators has said: “ The licensed trade sector has faced a tough couple of months following the bad weather before Christmas and the recent rise in VAT many publicans will need to remain proactive to ride out the storm”. Simon Thomas joint administrator said “We are currently exploring the possibility of a phased reopening using a specialist management agent with a view to achieving a sale as a going concern”. Any creditors or interested parties should contact Moorfields Corporate Recovery for further details. Moorfields Corporate Recovery LLP is one of the UK's leading independent firms of Restructuring and Insolvency specialists.

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