Wed, 16 Mar 2016 | ADMINISTRATION
Asset valuation and debt recovery firm Winterhill Largo has gone into administration, along with several of its affiliated companies.
Last month, RSM Restructuring Advisory was been appointed to handle the next step. Joint administrators Lindsey Cooper, Chris Ratten and Graham Bushby, were appointed by RSM to manage the following companies: Winterhill Largo Ltd; Largo Collections Ltd; Winterhill Property Ltd; Winterhill Receivables; ABL Services Ltd and Winterhill Asset Ltd.
Winterhill Largo was founded in February 2010, following the merger of Winterhill and Largo businesses. The merged company was based in Blackburn, Lancashire.
The asset valuation and debt recovery firm employed around 25 staff at the time of entering administration across various offices in the Leeds, Manchester and London areas.
The distressed business’s core functions included providing professional services banks, insolvency services, asset-based lenders, and various other public and private funding firms.
Lindsey Cooper, a partner at RSM Restructuring Advisory, said: "We are currently working to find purchasers for the various business streams to maximise returns to creditors.”
For more information on the subject of administration and restructuring, see the Business Sale Report article on Business Recovery and Insolvency Advice.
Bring to the market this leasehold specialist car sales and servicing facility located in Horncastle, Lincolnshire. The trade was established as a limited company in 2005.
LEASEHOLD
The company is an online vehicle purchasing platform, providing a fast, hassle-free car-selling service for the end user. A competitor to the likes of webuyanycar.com and Motorway, the company is a well-established online vehicle purchasing platform...
Bringing to the market this denim and casual wear retailer, boating a user friendly comprehensive online presence.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.