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Administrators complete sale of Bonmarche
Damian Webb

12 January 2021

The Joint Administrators of BM Retail Limited (t/a Bonmarche) have completed the sale of the businesses to Purepay Retail Limited.

Barburrito secures future saving restaurants and jobs with sale to co-founders
Damian Webb

07 December 2020

RSM Restructuring Advisory LLP has helped Barburrito, Mexican eatery, with a successful Administration sale securing new investment in the business.

Treasury gives with one hand and takes with the other, as RSM calls for delay to HMRC preferential creditor status change
Damian Webb

11 November 2020

Today, RSM has called on the Chancellor to urgently consider a twelve-month delay to the introduction of HMRC’s preferential creditor status. This change, due to come into effect on 1 December 2020, will have the dual effect of limiting funding and restructuring options for businesses, which RSM believe will undermine the current rescue culture and directly lead to business failures and job losses.

Camino secures future with sale to co-founders
Damian Webb

02 November 2020

RSM has helped Camino, the Spanish tapas restaurant and bar group, to secure a rescue deal allow the business to continue serving customers from its four restaurants and two bars preserving 77 jobs.

135 jobs saved at Spanish restaurant group Iberica
Damian Webb

26 October 2020

RSM has advised on the successful restructuring of Iberica, the Spanish tapas restaurant and bar group owned and operated by Iberica Food & Culture Limited, preserving approximately 135 jobs in the process.

More than 600 jobs saved at Gusto, as RSM advises on successful CVA
Damian Webb

28 September 2020

RSM has advised Gusto Italian on a successful CVA (Company Voluntary Arrangement) securing the future of the business and more than 600 jobs.

What to try before you seek a capital and debt restructure
Gareth Harris

22 September 2020

Each of the stakeholders in your business (no matter how big or small) will expect you to have considered some intermediate steps before you approach them for help. This article explains some of the things you must have tried this or asked before you ask for wider support.

Alternatives to capital and debt restructure
Gareth Harris

22 September 2020

Capital and debt restructuring processes can achieve a great deal and solve a lot of issues. But it’s possible that other more formal restructuring processes will be required as well - especially if there are more stakeholders than it’s possible to engage with or greater cost savings are needed to ensure survival.

Why a consensual process is vital in capital and debt restructure
Gareth Harris

22 September 2020

In any restructuring process, it is important to keep all stakeholders on board and motivated to complete the deal – even when bumps in the road appear. Maintaining this consensual process can require a great deal of diplomacy, negotiation and some challenging conversations, but it is vital to get the right structure for the longer term.

How to align stakeholder interests on capital and debt restructure
Gareth Harris

22 September 2020

In normal circumstances, most of the key stakeholders in a business share a common aim: the continuing good performance of the company. Their ultimate end goals may differ - your bank may be focussed on repayment of its debt, whereas your employees may be more concerned with job security – but, by and large, there’s alignment. This alignment can break, however, if your business has become burdened with too much debt or the wrong capital structure. Without alignment, some stakeholders can take decisions that may be in their own best interests but that are not in the company’s.

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