Archive for June 2026
79th Group Recovery Programme Update
More than 14 Months After Administration: What Happened Behind the Scenes? More than 14 months have passed since various companies within the 79th Group entered administration in April and May 2025. Since then, investors have received updates from the appointed insolvency practitioners and continued to anticipate greater clarity regarding the prospect of any recoveries and…
Read MoreSouthbrook Gas Generation Liquidation Update
Creditors of Southbrook Gas Generation Limited have received a progress report from the joint liquidators. The report gives a significant update on assets, investigations, creditor ranking, and related company issues. Southbrook and its parent company, Platinum Energy Solutions Limited, are in liquidation. The same joint liquidators act over both estates. Their report confirms that no…
Read MoreNorthumberland Living Loan Notes: B Share Proposal
Northumberland Living loan note investors have received an update from William Jackson about a proposed restructure of the business and loan notes. The update also mentioned a possible conversion into preferential B shares. According to the update, senior funding has been selected and is available. However, funding appears to depend on loan note holders supporting…
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