Posts Categorized: Featured

Griffins appointed as Liquidator of Total Debt Relief Limited

On 31 October 2018, the Financial Conduct Authority (FCA) successfully petitioned the High Court for Total Debt Relief Limited (TDR) to be wound-up in the public interest.  There was no challenge to the petition by the sole director of TDR nor by its Company Secretary who was also the sole shareholder. The FCA has subsequently…

Griffins appointed to Exmoor Partners LLP

On 25 September 2018 Stephen Hunt of Griffins Insolvency Litigation and Forensics was appointed as Provisional Liquidator of Exmoor Partners LLP. Exmoor is licensed by the Financial Conduct Authority to provide payment services and the petition for its winding up is in connection with a number of claims that have arisen through this activity.  It…

Government proposes to legislate on Value Extraction Schemes

In October 2013 Griffins wrote a paper called “Balancing the Books” that proposed replacing the existing Extortionate Credit Transaction law with a “Fair Dealing” section that would enable an IP to reverse a transaction that; a) required the company to make unfair payments or b) created a disproportionate benefit to a third party at a…

Insolvency in the Restaurant Industry

We are receiving a growing number of enquiries from restaurant owners with concerns about the solvency of their businesses. Alongside the high profile closures and restructuring of groups likes Jamie’s Italian, Prezzo and Byron are thousands of individual restaurant business facing similar problems albeit on a smaller scale.  For many owners the overheads that looked…

Griffins appointed to Stadia Trustees Limited

Stephen Hunt of Griffins has been appointed Liquidator to investigate the causes of the insolvency of Stadia. The Financial Services Compensation Scheme (FSCS) estimates that claims against the collapsed SIPP provider Stadia Trustees could be as high as £41 million. A Financial Services Authority inspection in 2011 highlighted problems at Stadia that eventually caused the…