Teneo secures £77m loan for first dividend payout Media Public relations firm Teneo is borrowing up to $100m (£76.5m) to pay its private equity owner and staff their first dividend. The company, which has City-based UK offices, approached lenders for the financing last week that is earmarked to fund dividend payouts, according to analysts at research firm Creditsights. However, sources close to Teneo said [...]
TGI Fridays UK collapses into administration as all restaurants put up for sale hospitality The company behind TGI Fridays restaurants in the UK has collapsed into administration as it attempts to see all its 87 sites across the country. London-listed Hostmore has appointed administrators from Teneo to oversee the process after plans to buy the US restaurant chain collapsed earlier this month. The business said it hopes to sell [...]
Cazoo racked up debts of over £260m as it collapsed into administration Business Cazoo racked up debts of more than £260m as it collapsed into administration earlier this year, it has been revealed.
Arrowxl to be sold after former Yodel owner racked up debts of over £150m May 28, 2024 ArrowXL is to be sold after the company behind it, which is owned by the billionaire Barclay family and formerly included Yodel, racked up debts of more than £150m ahead of entering administration.
Cazoo formally enters administration as parent company prepares for liquidation May 21, 2024 Online car retailer Cazoo has formally collapsed into administration while its parent company is heading for liquidation.
Cazoo braces for collapse into administration as rescue deadline expires May 21, 2024 Cazoo is expected to collapse into administration later today after a deadline to find a rescue deal expired.
Former Yodel owner owed over £100m as it collapsed into administration – but director hits back May 20, 2024 The former owner of parcel delivery group Yodel owed more than £100m when it collapsed into administration, according to a new document.
How one manufacturer collapsed into administration owing over £100m before being rescued January 16, 2024 The story of how a group that manufactured buses and police cars collapsed into administration owing more than £100m and led to over 150 people to lose their jobs has been revealed for the first time.