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News

Walker Singleton advise Administrators as part of multi-million pound sale

Posted: 21/03/2019

Walker Singleton’s Leeds based Advisory team have advised the administrators of Curo Transatlantic “CT” t/a Wage Day Advance on the company’s property assets.

Howard Smith and Ed Boyle of KPMG were appointed Joint Administrators and concluded a sale of the business securing the jobs of all 205 employees as part of the £8.5 million deal. CT is a provider of online loans in the non-standard credit market and has been bought out of administration by AIM listed home credit provider Morses Club, via its fully owned subsidiary Shelby Finance.

Instructions focussed on the inspection, analysis and reporting on a mixed portfolio of office and retail property located throughout the UK.

Stephen Jones, Director within the Advisory team stated, “Our professional services were relied on to provide reactive, reliable and time-critical reporting; something I, and my property and asset colleagues, are well versed in supplying to all clients.”

Mathew Bower, commercial property surveyor based in Leeds, commented “working closely with personnel from the Administrators and the company we were able to schedule early attendances at all sites at times that caused least inconvenience whilst at the same time maintaining a focus on securing schedules of conditions, lease analysis to allow timely reporting for consideration within the business transaction.”