Last checked at 
18 Dec 2012 12:40
Allanfield Group Plc
("the Company")
Notice of intention to appoint Administrators
Further to the announcement made on 6 December 2012 (the "Announcement") regarding the suspension of trading in the shares of Allanfield Group Plc (the "Company"), the Company announces today that it has resolved to appoint administrators and on 17 December 2012 filed notice of intention to appoint Jason Daniel Baker and Philip Lewis Armstrong, insolvency practitioners at FRP Advisory, as administrators to the Company.
The Company has identified a deficiency in its cash resources and is seeking to understand how this has arisen. In the absence of any further facilities being made available to the Company from its existing lenders or elsewhere, the Company is, or will shortly be, unable to meet its liabilities as they fall due and the Board of the Company has therefore concluded that, in such circumstances, the appointment of administrators is the most appropriate course of action.
Enquiries:
FRP Advisory via Grayling | |
Jade Devlin (jade.devlin@grayling.com) Cath Shuttlewood (catherine.shuttlewood@grayling.com) | Tel: 0121 265 2769 Tel: 07990 505 522 |
finnCap | Tel: 020 7220 0500 |
Matt Goode / Charlotte Stranner | |