Restructures and Receiverships – Page 23
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Analysis & FeaturesCan Conviviality recover from its week of woe?
A surprise profit warning, arithmetic errors, unexpected tax bills. The booze giant has a struggle on its hands.
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NewsConviviality faces fight for survival in cash crunch
Booze giant Conviviality faces a battle for survival after a week of turmoil that saw more than £350m wiped from its value and PwC called in for help.
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NewsCoffee chain MangoBean rescued from administration
North-East based national coffee chain MangoBean Coffee has been rescued from administration, safeguarding all jobs at its Newcastle-upon-Tyne head office.
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NewsConviviality calls in PwC after unexpected £30m tax bill
The ailing booze giant is to meet with HMRC and key stakeholders
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NewsHigh street pressures tell on Eat as losses mount
The pressures troubling the casual dining sector are also affecting the quick service restaurants, with newly filed accounts for sandwich chain Eat showing pre-tax losses rose from £1.5m in 2016 to £3.7m last year - its fifth consecutive year of losses.
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NewsFSA defends stance on Russell Hume in wake of collapse
The scandal-hit meat supplier fell into administration yesterday, citing the FSA’s investigation which created ‘impossible trading conditions for us’, Russell Hume said
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NewsRussell Hume goes into administration
The meat supplier has been under investigation by the Food Standards Agency over labelling concerns since late January
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NewsTough Christmas sees Ultimate Plum Pudding Company collapse
All 20 employees at the Cumbrian company have been made redundant
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NewsScottish health chain Earthy Foods & Goods closes its doors
Earthy Foods & Goods, a small group of organic food stores and cafés in Edinburgh, has gone into administration, owing nearly £1m.
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NewsFrank Field MP blasts accounting 'deficiencies' at Palmer & Harvey
The chairman of the House of Commons’ work and pensions committee has blasted the management and auditors of Palmer & Harvey after a report by administrators revealed the failed wholesaler significantly understated its losses in the 2015/16 financial year.
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NewsP&H understated losses by £12.1m in 2015/16, administrators' report reveals
Palmer & Harvey significantly understated the extent of its losses in the 2015/16 financial year after a series of “omissions” and “misstatements”, according to a report into the collapse of the wholesaler by PwC.
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NewsPalmer & Harvey creditors owed more than £700m, PwC report reveals
Creditors of Palmer & Harvey are facing losses of more than £700m following the collapse of the wholesaler late last year, a report by administrator PwC, seen by The Grocer, has revealed.
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NewsMr Sherick's Shakes appoints liquidator amid cost pressures
The ‘super premium’ range of Mr Sherick’s Shakes retailed at the top end of the market (£1.99 for a 250ml bottle)
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NewsCity snapshot: Conviviality offers to buy 127 Central Convenience stores following P&H collapse
Bargain Booze owner Conviviality has offered to buy 127 Central Convenience stores from WS Retail, following the collapse of its parent Palmer & Harvey into administration. Plus all the rest of the latest news from the City
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NewsPalmer & Harvey sought to delay dividend payments as losses mounted
Collapsed wholesaler Palmer & Harvey renegotiated its onerous dividend payments to management to help mitigate rising losses according to its most recently filed accounts.
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Comment & OpinionWho killed Palmer & Harvey?
From the 2008 MBO, Palmer & Harvey still chose to pay out £70m in interest payments to preferential shareholders. Why?
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NewsTony Reed tells P&H colleagues and customers: 'I'm sorry'
Reed said he was ‘dreadfully sorry’ to all the stakeholders that he had been unable to save the wholesaler
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NewsP&H falls into administration
Customers have been informed there will be no deliveries tomorrow and rival wholesalers are gearing up to step in
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NewsYorkshire Meatball joins list of collapsed crowdfunded brands
The business, run by father and son David and Gareth Atkinson, raised £123,000 from 220 investors on Crowdcube last April
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NewsSugar beet harvester M&J Haulage collapses
Lincolnshire sugar beet harvester M&J Haulage has called in administrators from KPMG, with operations suspended and all 24 staff sent home.