From the administrators' statement

A meeting between Duff & Phelps and the Designated Members was held in March 2015 to discuss the options available to the LLP following the second rejection of the CVA proposal to creditors {t was clear that in light of their existing indebtedness, It was likely that recovery would be taken by HMRC tn respect of the monies owed to them in the future

In order to preserve the value of the existing assets and position of creditors, the Designated Members indicated that they wished to appoint Administrators of the affairs of the LLP

The Designated Members instructed Duff & Phelps to market the business and assets of the LLP prior to making an appointment of Administrators It was anticipated that in the event a

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Shepherd Gilmour LLP (OC305859)

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