The current economic and social environment, together with increased scrutiny and media attention, means that charities are finding it ever more difficult to sustain themselves. This may manifest itself as experiencing difficulties in achieving their purposes as a body, perhaps not functioning effectively or even, at worst, resulting in financial collapse. It is not unusual …
CVR Global are pleased to announce we have strengthened our senior team with the appointment of Tom Gardiner as Associate Director. Tom is a licensed insolvency practitioner with more than 14 years’ experience of restructuring SMEs across various sectors, ranging from care homes and farms to automotive and retail operations. He has joined our Colchester office where he will …
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Envy Haircare Limited has been purchased by the largest of the business’ existing investors and will now operate as Envy Logistics Limited. The firm was originally launched in Jesmond, Newcastle in 2010 and sells a range of 21 luxury haircare products to more than 2,000 global customers such as wholesalers, retailers and high end hairdressing …
Continue reading “Envy Haircare Limited successfully sold out of Administration”
Wendex Vehicle Rental, based on Barnham Street in central London, has seen its annual turnover rise from £2.8 million in 2015 to £4 million in 2017, but has fallen into financial difficulty while awaiting payment from a number of customers. The business was formed 20 years ago and hires out nearly 500 vehicles, ranging from …
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National luggage and handbag retailer, Bags Etc Limited, which also traded as Domo, entered liquidation on 1st May 2018. The Company traded from 58 shops of varying sizes around the UK and Ireland, and called in CVR Global after experiencing financial difficulties, resulting in another high street retail casualty. The Harlow-headquartered retail specialist was formed in 2003 …
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Cambridge firm, Bactest Limited, who convert the activity of micro-organisms into meaningful data for businesses has ceased trading. Bactest Limited, based at St John’s Innovation Centre on Cowley Road, entered administration on 9th May after failing to secure additional funding to keep the business functioning. The business was formed in 2001, had 126 investor shareholders and …
“Big does not necessarily mean financially safe” – that’s the verdict of CVR Global Senior Executive Chris Pearson on the demise of Carillion. In this in-depth analysis he explores why one of the UK’s largest construction firms collapsed and calls for the government to form stricter rules on the bidding process for public sector contracts …
CVR’s Kevin Murphy, Jason Maloney and Bai Cham have been appointed as administrators to Essex Savers net Credit Union (Essex Savers). Essex Savers was placed into administration on 14 February 2018. The not-for-profit financial co-operative, which had its headquarters in Chelmsford, was open to anyone who lives, studies or volunteers in Essex, and provided local, …
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A British archive containing the world’s largest collection of magazines is seeking a new owner after entering administration. The Hyman Archive was started by James Hyman 30 years ago and now stores more than 5,000 different publications and 120,000 different issues from its base on Cadogan Road in Woolwich. The archive, which also stores pamphlets, …
Ticket Line (UK) Limited is based in Cardiff, and provides tickets for live shows, sporting events and day trips, predominantly to London. CVR Global was called in after Ticket Line (UK) Limited suffered a downturn in trade. Elias Paourou and David Oprey, from CVR Global will be appointed as liquidators on 29 November. All of …
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