Television & audio retail and repairs shop:
• This Company Voluntary Arrangement was approved by creditors
• A television & audio retail and repairs shop in Cambridgeshire, trading for 16 years with an annual turnover of £130,000
• The trade and crown creditors of £28,000 accepted a dividend of 39p/£ over a 5 year period.
• Two creditors had already received judgment in respect of their claims but the arrangement was still approved.
• Jobs were saved along with the status of a long established retail outlet from the local area.
Family orientated pub:
• A Creditors Voluntary Liquidation
• The Company traded a family orientated pub with guest bedrooms in North Yorkshire. The pub had a exceptional reputation as a peaceful family run village pub / bed and breakfast.
• The Company had an average annual turnover of £400,000. The Company had trade and crown liabilities of in excess of £100,000.
• The assets were sold to a successor company who were able to re-negotiate a lease with the landlord and re-employ several staff saving jobs in the process.
• We were able to successfully negotiate return of several items to various lease creditors and HMRC who had the benefit of a valid distraint notice, the items were sold and set off against crown liabilities
Blue Square Bet Conference South Football Club:
• Administrator of Blue Square Bet Conference South Team.
• Managed negotiations with both the Football Conference Limited and Football Association Limited to maintain the Club’s existence
Yorkshire based Quarry Plant manufacturer:
• Yorkshire based Quarry Plant manufacturer operating for a number of large Plc’s within the industry with a £3,000,000 annual turnover
• Facilitate a sale of the business and its assets, including freehold property.
• The Bank held a fixed and floating charged debenture pre 15 September 2003 with a large percentage of the liability personally guaranteed by the Directors
• Payment of preferential claims (wage arrears/holiday pay) in full
• It is anticipated that the bank will be paid in excess of £150,000
Sole trader operating in the haulage industry:
• Sole Trader operating in the Haulage Industry
• The Debtor had fallen heavily in arrears with his personal tax liabilities and was served with a Bankruptcy petition.
• The Debtor subsequently approached Walsh Taylor who obtained negotiated the acceptance of an Arrangement to enable him to continue trading saving over 20 jobs.
Construction company:
• Construction Company trading predominantly in the Yorkshire area
• Appointed Administrator by Clydesdale Bank following the emigration of the former director
• Recovered substantial book debt recoveries
• Resulting in a distribution to the bank.
West Yorkshire based engineering company:
West Yorkshire based engineering Company which offered a broad range of control and power solutions to manufacturing and process industries throughout the UK and Europe, the Company’s downfall resulting from the liquidation of an associated Company.
Turnover of £2 million.
The Walsh Taylor team negotiated with major creditors, key clients and employees to ensure the Company could continue to trade successfully under a Company Voluntary Arrangement.
A return of 100p in the £1 to creditors will maintain good working relationships with the creditors, maintain a good reputation within the industry and benefit the group on taxation.
Chain of clothes shops:
Administration of fifteen branch chain of clothes shops throughout the UK.
Turnover of £2 million.
The Walsh Taylor team worked closely with the purchasers, ROT creditors and Landlords to ensure a going concern sale of the business and assets was achieved.
The Majority of the Company’s workforce being re-employed as a result of the sale of the business.
Construction company:
Construction Company Based in West Yorkshire
Turnover of £1.5 million
All assets sold to a Successor Company resulting in all employee jobs being saved.
Company’s investment property sold
Bank & secured Creditors paid in full.
Car leasing firm:
Car leasing firm based in North Yorkshire
Turnover of £500,000.
Walsh Taylor team worked together with the employees resulting in a sale of the business and assets to the Employees
All employees’ jobs saved as a result of the sale
Asset realisations may result in a high return to creditors
Metal fabrication company:
Sheet metal fabrication Company based in West Yorkshire
Turnover of £800,000.
Long established business with a good reputation within the industry
Assets sold to a Successor Company resulting in all employees’ jobs being saved.
Asset realisations may result in a return to secured creditors