Half sold for pittance and the rest still waiting on administration.
The longer the wait, the more cash flow to the administrators. The creditors extended the process for another 45 days (from the beginning of November) as they place more assets up for sale. The sad thing is, no one wants to be a buyer at this point of the cycle.
Best of luck to you.
DEALROOM
New Feature Announcement!
We’re excited to introduce the DealRoom portal, now live on site, providing users with exciting access to private equity opportunities for both pre-IPO and publicly listed companies.
See full details by selecting the new menu item named 'DealRoom' on our main menu bar or click below.
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