Details of Courtaulds collapse emerge
The two Courtaulds companies that collapsed in May went into administration owing £7.2m to unsecured creditors after making over £10m worth of losses in the last three years.
CUK Clothing and Courtaulds Brands, both based in Belper, brought in administrators after the funding from the rest of the Courtaulds group which had kept it trading was withdrawn.
Dilip Dattani and Patrick Ellward of RSM Restructuring Advisory were appointed joint administrators of the CUK Clothing and Courtaulds Brands, which distributed lingerie and hosie... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
