Pre Pack Pool News Today

Pinstripe Print has been forced to enter administration due to “extremely difficult” trading conditions and a 22% drop in turnover.

Awesome Merchandise’s Texas operation has been shut down as the firm strives to rebuild its reputation following last month’s pre-pack sale to its co-founder, while funding platform Crowdcube is in talks about the possibility of shares in the newco being issued to more than one thousand investors who were wiped out.

Summary Regulations”) came into effect on 30 April 2021.  The Regulations contain numerous features which mean that pre-packaged administration sales (specifically to connected persons) will begin to face a greater level of independent scrutiny.  Purpose The primary purpose of the Regulations is to prevent the administrator of a company from effecting: a disposal, hiring out, or sale of what is, in the administrator’s opinion, all or a substantial part of that company’s business or asse...