Receivers have reopened Eastenders' depots following last month's Customs raids.

A court at the Old Bailey appointed Brandon Barnes from accountants BDO as a management receiver of Eastenders Cash & Carry plc and its associated companies in an order under the Proceeds of Crime Act. 

Management receivers are called in when a company must continue to trade to protect the value of its assets but the company is either unable to manage the assets or the court decides it cannot trust the company to manage the assets.

Eastenders' depots shut on 7 December following HMRC raids and reopened just before Christmas with BDO's agents, Licensed Solutions Ltd, trading with the existing management. Suppliers of stock held in Eastenders' depots must prove their ownership to be allowed to collect it or receive sales proceeds.

Eastenders has not purchased any stock since the raids, but BDO has not ruled this out. "The receiver will consider purchasing new stock to assist with ongoing trading as and when necessary," said a spokesman.

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