Administrators at LK Bennett have extended the company’s administration process for a further twelve months, which is due to ‘property matters’ and other remaining work that needs to be completed to complete the process.
According to the latest report by the Joint administrators Dan Hurd, Hunter Kelly and Craig Lewis of accountancy firm EY it was stated that the request for the extension of the administration was made “primarily due to ongoing property matters (relating to the the license to occupy granted to the purchaser of certain business and assets of the company), finalising trading liabilities and to make further distributions to the company’s creditors.”
During the period between 7 September 2019 and 6 March 2020, no distributions to the company’s preferential creditors were made. However, “a notice of intended dividend will be issued to preferential creditors shortly and preferential claims will be settled in full”, according to the report.
