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Investegate announcements from K3 Capital Group PLC, Recommended Cash Acquisition

Its impending demise comes a year after it listed on the London Stock Exchange with a value of £775m

The Coleshill-headquartered UK arm of a motor parts remanufacturing business has appointed administrators who are hopeful that "significant parts" of the wider group can be rescued.

Green empire failure leaves taxpayer liable for £50m staff payoffs With few jobs expected to be saved, staff will have to claim statutory payments from the Government 30 January 2021 • 9:30pm The Sunday Telegraph can reveal. Statutory notice and redundancy payments owed to almost 13,000 Arcadia Group staff total £47.6m, according to calculations prepared by administrators Deloitte. The accountancy firm was this weekend finalising terms with online retailers Asos and Boohoo to carve up Sir Philip’s empire. Asos entered exclusive talks to buy Topshop, Topman, Miss Selfridge and HIIT brand...

Dan Whelan The 317-bed student accommodation scheme on Liverpool’s Devon Street, which was owned by a special purpose vehicle of the same name, has fallen into administration and consultancy Colliers International has been hired to value the property for sale.  The One Islington Plaza SPV owes a creditor, Lender Route Finance, £4.3m, according to a report from the joint administrators Simon Campbell and Paul Zalkin from Quantuma Advisory. But a sale of the site is only estimated to realise between £1.2m and £2.2m and therefore is unlikely to repay the debt in full, the report said.  In...