Debt recovery firm and affiliates enter administration

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.


Share this article



Latest Businesses for Sale

Consulting Engineers Focused on the Built Environment
London, UK

Unusual opportunity to acquire this national and well established, full service Mechanical & Electrical consulting engineering company. Offers invited.

Asking Price: £2,700,000
Turnover: £5,800,000

LEASEHOLD


Freight Brokerage Services
UK Wide

Works with a network of reliable hauliers to provide comprehensive and reliable logistics solutions on a national basis. Offers invited.

Asking Price: Offers Invited
Turnover: £420,000

RELOCATABLE


Food Manufacturer Specialising Flatbread Products
North of England, UK Wide

Has established a prominent position with clients in its industry due to its prestigious portfolio. Operates from two leasehold premises. Offers invited.

Asking Price: Offers Invited
Turnover: £671,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
23
 
May
 

Fintech company Loot collapses into administration | ADMINISTRATION

After failing to secure further backing from the Royal Bank ...

 
22
 
May
 

Spike in M&A activity in the education sector | BUSINESS SALE

In recent months, the education sector in the UK has witness...

 
22
 
May
 

Jamie Oliver restaurant empire collapses into administration | ADMINISTRATION

Celebrity chef Jamie Oliver, who shot to fame after campaign...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
22
 
Apr
 

Sheffield printing firm enters administration - assets up for immediate sale | ADMINISTRATION

A printing company based in Sheffield has fallen into admini...

 
11
 
Apr
 

West Yorkshire property developers go under | ADMINISTRATION

The companies behind West Yorkshire student accommodation pr...

 
22
 
Nov
 

Bristol care home enters administration | ADMINISTRATION

Owner of Woodlands Manor Care Home, Driskal Limited has fall...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources