Joint administrators at Leonard Curtis Business Rescue & Recovery can confirm the pre-packaged sale of Miller Metcalfe Limited has been completed, safeguarding all 108 jobs.
Julien Irving and Andrew Poxon of Leonard Curtis Business Rescue & Recovery were appointed joint administrators on 24th August 2018.
Operating predominantly as real estate agents from various locations across north Manchester, Cheshire and Lancashire, the company also provided property survey services.
Julien Irving explained events leading up to the administration: “Following a period of losses, the company began to fall into arrears with a number of creditors, despite ongoing financial support from the company’s shareholders. A CVA proposal was presented but unfortunately rejected, which left the company with no choice but to consider an alternative insolvency procedure. Appropriate steps were then subsequently taken to preserve the value of the business”.
Joint administrators concluded a pre-packaged sale of the business to a number of connected parties after a period of marketing. This resulted in the transfer of all 108 employees to the new purchasing entities.
Leonard Curtis Business Rescue & Recovery is part of the Leonard Curtis Business Solutions Group (LCBSG).
For further media information, please contact Karen Winstanley or Sue Souter at Souter PR on 01625 839 319 or email email@example.com / firstname.lastname@example.org
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