Stay updated with breaking news from Realisations Ltd. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: ---------- Redx Pharma PLC - Macclesfield, England-based... | April 3, 2023
CREDITORS of a business with hundreds of staff at Bournemouth Airport should see at least some after it went into administration and was sold to a…
IN BRIEF: Litigation Capital Management to fund Comet liquidation claim Wed, 23rd Jun 2021 20:33 Litigation Capital Management Ltd - alternate asset manager - Says it has entered into an agreement to provide a litigation finance facility to Geoffrey Carton-Kelly, a partner of FRP Advisory, additional liquidator of CGL Realisations Ltd, which until October 2019 was known as Comet Group Ltd. The litigation finance agreement will cover proceedings issued in the High Court against Darty Holdings SAS. Chief Executive Officer Patrick Moloney commented: "LCM has been financing claims of this natur...
Another claim has also arisen from Tudor Capital, who say they are owed money from a claim that was incorrectly marked as satisfied. BDO’s investigation has shown their claim is valid and they expect to make a repayment in the region of £1.7m. Second in line are the preferential creditors, however given all the employees have been taken on by the new TVS backed business, it’s not expected they will make any claims. Next up come the unsecured creditors, which include deposit holders. To date BDO have received £8.8m of claims from unsecured creditors, far exceeding the £6.2m held on reco...