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CVA – not just for corporates it can be for all companies

Poundstretcher is the latest High Street name to consider a CVA (company voluntary arrangement) as reported by Sky news . This is to alleviate its COVID-19 trading woes, following on from the Administrations of Monsoon Accessorize, Oasis, Warehouse and Cath Kidston. Last week we reported that Hotel chain Travelodge was launching insolvency proceeding in the form of a …

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Upmarket jewellery chain collapses into administration

Struggling jewellers Links of London has fallen into administration, putting 350 jobs at risk. The move followed a failed sale process initiated by its troubled Greek owner, Folli Follie, which was plunged into crisis over a fraud relating to overstated sales. Links, which operates from 28 stores and seven concessions, is continuing to trade pending …

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Bankrupt who hid property from Official Receiver receives prison term

A bankrupt from Essex has been sent to jail after he tried to conceal property transferred to his ex-partner in an attempt to avoid paying his creditors. Sarper Djevdet Ahmet, 57, from Clacton-on-Sea, appeared at Colchester Magistrates’ Court on 18 September 2019 where he was sentenced to four months in prison, having been charged with …

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