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Sunday, March 21, 2010 10:42 PM

Company Voluntary Arrangement

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Name: Company Voluntary Arrangement
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First Reported Mar 17 2010 - Updated Mar 17 2010 - 1 Documents

Former Haines Watts unit gets CVA approval

Rachael Singh, Accountancy Age , Wednesday 17 March 2010 at 11:30:00Creditors unanimously vote in favour of company voluntary arrangementA former business unit of Top 20 accountancy firm, Haines Watts, has had a company voluntary arrangement approved ... [Published Mar 17 2010 by Computing.co.uk]
First Reported Mar 06 2010 - Updated Mar 06 2010 - 1 Documents

Weymouth FC reveals CVA plans

Weymouth Football Club (WFC), which competes in the Blue Square South, is seeking to enter into a Company Voluntary Arrangement (CVA) in an attempt to save the club.According to a statement from the club's board of directors, more debt has been uncovered ... [Published Mar 06 2010 by Leisure Opportunities]
First Reported Mar 05 2010 - Updated Mar 05 2010 - 1 Documents

Blacks set to demand deadline for Ashley bid

Blacks Leisure is poised to ask the Takeover Panel to issue Mike Ashley's Sports Direct with a "put-up-or-shut-up" deadline after the sports equipment retailer said it was considering a takeover of the outdoor specialist earlier this week.Market sources ... [Published Mar 05 2010 by The Independent]
First Reported Feb 25 2010 - Updated Feb 25 2010 - 1 Documents

Former Haines Watts unit heading for CVA

Top 20 firm's former business unit, now called Sixonethreeone, has debts of more than £4m and faces a company voluntary arrangementWritten by Rachael SinghA former business unit of top 20 firm Haines Watts Group is heading into a company voluntary arrangement ... [Published Feb 25 2010 by Computing.co.uk]
First Reported Feb 24 2010 - Updated Feb 24 2010 - 1 Documents

Suits You reaches restructuring agreement

British menswear group behind Suits You and Racing Green was saved from a potential collapse, after securing a deal with its creditors that will allow it to slash its rental bill and keep 300 staff in their jobs. But this restructuring deal will also ... [Published Feb 24 2010 by Financier Worldwide]
First Reported Feb 23 2010 - Updated Feb 24 2010 - 1 Documents

Suits You chain saved but stores to close

The menswear group behind Suits You and Racing Green has secured a rescue deal that saved it from collapse but the plans will see it close more than 40 stores, including outlets in the Trafford Centre and the Lowry Outlet Mall in Salford Quays.Speciality ... [Published Feb 23 2010 by Manchester Evening News]
First Reported Feb 19 2010 - Updated Feb 19 2010 - 1 Documents

Prince shapes Staffs rescue bid

In an attempt to save the country’s last working Victorian pottery, the Prince’s Regeneration Trust and English Heritage have teamed up to make an offer to buy Middleport Pottery in Stoke-on-TrentMiddleport employs around 40 people and has been producing ... [Published Feb 19 2010 by Property Week]
First Reported Feb 10 2010 - Updated Feb 10 2010 - 2 Documents

Focus takes a rent holiday

CREWE: Focus DIY has asked its landlords for an extra week to pay its rent for January and February.The company, run by Bill Grimsey, the turnaround specialist who led Wickes in the mid-1990s, is exercising a clause in its company voluntary arrangement ... [Published Feb 10 2010 by Builders' Merchants News]
First Reported Dec 16 2009 - Updated Dec 16 2009 - 2 Documents

North holds up as profits turn down at KPMG Peter Edwards

Peter Edwards Profits have fallen at KPMG but the northern offices’ revenue held up in the recession.The professional services giant saw UK profit per partner at £671,000, down from £685,000 last year, while revenue in the north of England was flat ... [Published Dec 16 2009 by Yorkshire Post]
First Reported Nov 23 2009 - Updated Nov 24 2009 - 3 Documents

Blacks rescued from brink of collapse

Loss-making outdoors retailer Blacks Leisure Group (BSLA) was pulled back from the brink of collapse after the vast majority of its creditors backed its proposed company voluntary arrangement (CVA) to cut its debts.The move allows the FTSE 250 group ... [Published Nov 24 2009 by Interactive Investor Articles]
First Reported Nov 22 2009 - Updated Nov 22 2009 - 1 Documents

Landlords to vote on Blacks rescue deal

Landlords of Blacks Leisure, the outdoor clothing retailer that owns Millets, are expected to vote today in favour of a deal that would save 5,000 jobs.The 101 landlords of 89 stores that have closed or are due to close will have to agree to give up their ... [Published Nov 22 2009 by Times Online]
First Reported Nov 03 2009 - Updated Nov 04 2009 - 3 Documents

Blacks' rescue deal to ensure survival

Troubled outdoor chain Blacks Leisure yesterday said it had finalised plans for a rescue deal to 'ensure the survival' of its core business and preserve more than 4,000 jobs. The proposal would involve asking landlords of 89 closed or closing retail stores ... [Published Nov 04 2009 by Yorkshire Post]

Quotes

A WFC spokesperson said: "We have taken advice from an insolvency practitioner and it has recommended that the football club try to enter into a Company Voluntary Arrangement with all creditors."
On Tuesday, Blacks said it intended to pursue an alternative fundraising for the 20.3m, "in the absence of any concrete takeover proposals from Sports Direct" . Mr Ashley, the founder and deputy executive chairman of Sports Direct, made an indicative offer to acquire the outdoor retailer in early 2009 but a...
Nick Bubb, a retail specialist at Arden Partners, said: "My gut feeling is that Sports Direct would not bid more than 60p."

More Content

All (72) | News (72) | Reports (0) | Blogs (0) | Audio/Video (0) | Fact Sheets (0)
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Administrators unchallenged in Suits You CVA [Computing.co.uk - Mar 19 2010]
Former Haines Watts unit gets CVA approval [Accountancy Age - Mar 17 2010]
Former Haines Watts unit gets CVA approval [Computing.co.uk - Mar 17 2010]
Weymouth FC reveals CVA plans [Leisure Opportunities - Mar 06 2010]
Blacks set to demand deadline for Ashley bid [The Independent - Mar 05 2010]
Ashley mulls takeover bid for Blacks after cash... [The Independent - Mar 03 2010]
Blockbuster's bleak picture [Daily Express - Feb 28 2010]
Boots’ broadside over optical store rents [Property Week - Feb 26 2010]
Former Haines Watts unit heading for CVA [Computing.co.uk - Feb 25 2010]
Suits You reaches restructuring agreement [Financier Worldwide - Feb 24 2010]
Suits You avoids collapse after creditors appro... [The Independent - Feb 24 2010]
Suits You owner saved but 42 stores lost [Times Online - Feb 24 2010]
SRG creditors vote through CVA proposal [Business Credit Management - Feb 23 2010]
Suits You chain saved but stores to close [Manchester Evening News - Feb 23 2010]
Suits You firm ties up rescue deal [MSN UK - Feb 23 2010]
Landlords agree Suits You restructuring plan-BPF [Reuters - Feb 23 2010]
Suits You Saved By Landlords, But BPF Warns Ove... [Fresh Business Thinking - Feb 23 2010]
CVA approved for menswear retailer Speciality R... [Property Week - Feb 23 2010]
Prince shapes Staffs rescue bid [Property Week - Feb 19 2010]
Hairy times for Guilfoyle [Accountancy Age - Feb 18 2010]
English Heritage and The Prince's Regeneration ... [Property Week - Feb 15 2010]
Scottish Agenda: Dont be afraid to put a CVA on... [Times Online - Feb 13 2010]
Door maker to enter CVA [Times Online - Feb 13 2010]
Focus takes a rent holiday [Builders' Merchants News - Feb 10 2010]
Rental payment reports dismissed by home improv... [Yorkshire Post - Feb 10 2010]
Snow leaves Focus stranded without customers [Times Online - Feb 09 2010]
Menswear retailer Suits You to enter into CVA [Property Week - Feb 04 2010]
Supply problems to see a tough festive time for... [Yorkshire Post - Dec 18 2009]
Struggling JJB Sport's sales plummet 30% [This Is Money - Dec 18 2009]
North holds up as profits turn down at KPMG Pet... [Yorkshire Post - Dec 16 2009]
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