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Simon Thomas and Fred Satow, partners at Moorfields Corporate Recovery LLP and joint administrators to In ‘n Out Services Limited (“INO”) are pleased to announce that following an intensive three week marketing period they have successfully completed a sale of the business and assets to In ‘n Out Centres Limited (formerly Ensco 803 Limited). The sale is on a going concern basis saving a significant number of jobs and will allow the INO brand to build on its growing reputation in the market place for high level of service and customer satisfaction. Simon Thomas, Insolvency Practitioner of Moorfields commented on the sale: “There has been a large amount of interest in acquiring the business, with a number of competitive offers made. We are pleased with the outcome as it was the offer which represented the best outcome for the creditors of In ‘n Out Services Limited” Should you wish to speak to Simon Thomas or Fred Satow, please call 0208 528 1090.

A PICTURESQUE hotel is set for a new lease of life under new ownership. The Durker Roods Hotel at Meltham has been bought by Honley entrepreneurs Pauline and Richard Hough. Now they have set about revitalising the property – once owned by industrialist David Brown – in a bid to restore the hotel to its former glory. The hotel, which was in the hands of administrators for many months, was sold to the husband and wife team for close to the £700,000 asking price. The sale was conducted by property agency Colliers International on behalf of insolvency firm Moorfields Corporate Recovery. Fiona Hough, daughter of the new owners, said work to refurbish the bedrooms, corridors and communal areas was already under way. It was also planned to revamp the hotel restaurant and – in the longer term – make more of a feature of the building’s links to the tycoon who built up David Brown Gears, David Brown Tractors and at one stage owned Aston Martin. She said: “There is a David Brown Tractor Museum nearby and the hotel could be appealing to tractor enthusiasts. “We want to make the most of the function rooms and increase the number of weddings. “The grounds are beautiful and the house is splendid. We want to make it into a busy, bustling hotel as part of what is a busy, bustling village.” A spokeswoman for Colliers said there had been keen interest in the property. She said: “It is a well-established hotel and a pretty building, which attracted very strong competitive bidding.” Durker Roods has 30 bedrooms, a lounge bar, a restaurant and function rooms, extensive lawns and formal gardens and car parking. For many years, it has been a popular venue for weddings and has also hosted corporate functions and conferences. The hotel, which was built in 1870 as a private residence and was converted into a hotel in 1975, has had a chequered history in recent years. In 1999, it was bought by Kings Inn before the company added to its interests by acquiring the 16-bedroom Tower House Hotel in Halifax. That company went into administration in February, 2008, after which the hotel operated under licence from the administrators. The hotel was put on the market in August last year on behalf of administrators at RSM Bentley Jennison & Co. Since then, the insolvency firm has changed its name to Moorfields. A spokesman for Moorfields said resolving the administration and sale had been “a long haul” due to the effects of the recession on the pubs, restaurants and hotels sector.

"Moorfields announces that it has opened it's second office, continuing their growth by establishing a local presence in Leeds to service the insolvency marketplace in the North. The new office ,located in the heart of Leeds city centre, will ensure that Moorfields can provide a national service as well as servicing existing clients in the most cost effective way. Moorfields launched their London practice in March 2008 and 2 years later, demand in the North of England, dictates their need to extend their operation and explore business opportunities nationally. Director, Dianne Turner, will head up the Leeds office and will be instrumental in establishing the new venture. Dianne Turner said ""Leeds has a dynamic and diverse business scene and I am excited Moorfields is now part it. Having worked in Leeds for many years I am already well known locally so I am looking forward to increasing our presence with the support of the Leeds team"" Phil Smith and Simon Thomas said ‘The opening of Moorfields Leeds represents an exciting expansion of our network, and provides us with the important coverage we need to service the North of the country more effectively"" Moorfields Corporate Recovery LLP is one of the UK's leading independent firms of restructuring and insolvency specialists. Its clients range from small businesses and SME's to major multinationals."

"The Joint Administrators, Simon Thomas and Fred Satow of Moorfields Corporate Recovery LLP offer for sale the business and assets of In ""n"" Out Services Limited. In ""n"" Out Services Limited is an award winning provider of car maintenance, repair and MOT services."

Simon Thomas and Fred Satow at Moorfields Corporate Recovery LLP were appointed joint liquidators of the Company in June 2010 following administration which was undertaken by another insolvency practice. Creditors of European Colour specifically chose Moorfields to act as Liquidators at a meeting of creditors in May 2010 to resolve outstanding matters, bring a swift conclusion to the insolvency process and issue a final dividend to the unsecured creditors. European Colour was a pigment manufacturing company located in Stockport and south-east London with annual turnover is excess of £15m. Please contact Simon Thomas or Fred Satow on 0208 528 1090 Moorfields Corporate Recovery LLP is one of the UK's leading independent firms of restructuring and insolvency specialists. Its clients range from small businesses and SME's to major multinationals.