Following the capital reorganisation in 2020, the Directors have been holding discussions with a number of parties to raise additional funding for the Company. As a result, the Company is today anouncing a placing in conjunction with Board changes which the current directors believe will enable Angelfish to move forward for the benefit of all shareholders. The Company announces that, following the completion of the Annual General Meeting to be held today at 12 noon, Brian Jones and Ken Hillen will resign as Directors of the Company with immediate effect and that, Mr Simon Grant-Rennick will be appointed as Executive Chairman and Mr Burns Singh Tennent-Bhohi as Executive Director. In addition Richard Walker will become a non-executive director.
The shops you can no longer visit at Merry Hill
A number of shops units are now boarded up after retailers closed their doors for good.
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Shoppers have flocked back to the Black Country s largest shopping centre after it fully reopened its doors. Primark, Next and H&M were just a few of the non-essential shops at intu Merry Hill that drew in customers in their droves.
Monthly corporate and individual insolvency statistics R3 comment
Zoya Malik April 15, 2021 (Last Updated April 15th, 2021 12:48)
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“The monthly rise in corporate insolvency numbers shown in the figures published today has been driven by an increase in Creditor Voluntary Liquidations and administrations, while Company Voluntary Arrangements also increased.
“On the personal insolvency side, all three kinds of procedure increased in number compared with the previous month, while the year-on-year increase is down entirely to Individual Voluntary Arrangements, with bankruptcies and Debt Relief Orders still notably lower than this time last year.
“The economic damage caused by the pandemic is starting to be reflected in levels of insolvency, but Government support has postponed rather than prevented the true picture being shown in insolvency levels to date.
Further to the announcement of 2 March 2021, Mountfield Group Plc announces, , the completion of the disposal of Mountfield Building Group Limited ( MBG ) and Connaught Access Flooring Holdings Limited ( Connaught ) ( Completion ) and directorate changes. Following Completion, the Company has been designated as a Cash Shell pursuant to AIM Rule 15. As such, the Company must make an acquisition or acquisitions which constitute a reverse takeover under Rule 14 of the AIM Rules or be re-admitted to trading on AIM as an investing company under the AIM Rules (which requires the raising of at least £6 million) within six months failing which trading in the Company s shares on AIM will be suspended pursuant to Rule 40 of the AIM Rules. Admission to trading on AIM would be cancelled six months from the date of suspension, should the reason for the suspension not have been rectified.
Pandemic forces retailers to use CVAs, landlords cry foul Pandemic forces retailers to use CVAs, landlords cry foul Successive lockdowns have hammered retailers, with some turning to CVAs when landlords refuse to budge
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Despite the Office of National Statistics (ONS) reporting the UK economy shrank by 9.9 percent in 2020, insolvencies remain low, according to the latest quarterly report from the Insolvency Service.
The report found there was a 16 percent drop in the number of administrations and a 55 percent decrease in compulsory liquidations in 2020. Government support in the form of furlough, rate holidays and a moratorium on statutory demands have helped to keep many businesses afloat.