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D & P Time Running Out?


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From FF.

 

 

My understand is that initial actions is currently being taken to have in place an application by one of the larger creditors to replace D&P as administrators. Howes Percival may already be under instruction.

 

The admins have claimed that the CVA is the best outcome for creditors, however as the pot is only £8.5m and with a question over the floating charge, this claim is unlikely to be accurate.

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Unless new administrators can pick up where others left off then this would be a total disaster. Don't see where the time is coming from to start again.

 

If everything is above board, there will be no need to change administrators. :whistle:

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