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Commercial Credit News
|SFP completes interiors Europe restructure|
|Thursday, 12 March 2015|
The nationwide insolvency practitioners SFP has rescued a well-established interior design company, retaining important contracts, saving jobs, and ensuring a maximum return to creditors.
SFP was appointed Administrators of Interiors Europe Limited (IEL) after IEL’s cashflow was seriously impacted by several factors, including the loss of one its major contracts. A Company Voluntary Arrangement (CVA) that IEL had earlier entered into subsequently failed, and SFP stepped in to save the business.
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