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Important announcement regarding Varden Nuttall

Varden Nuttall Limited (‘the Company’) was placed into Administration on 24 March 2016.

The Joint Administrators, Ben Woolrych & Phil Pierce of FRP Advisory LLP and Paul Boyle & Tom Bowes of Harrisons Business Recovery and Insolvency Limited, act as agents of the Company and without personal liability. Paul Boyle & Tom Bowes are licensed by the Insolvency Practitioners Association and Ben Woolrych & Phil Pierce are licensed by the Institute of Chartered Accountants of England and Wales, all Joint Administrators are bound by the Insolvency Code of Ethics.

What happens if my income reduces?

If you cannot afford to pay your full contributions, then you must tell your Supervisor immediately. If there is a genuine reason such as a change in income, then the Supervisor may write to your creditors to request a reduction in your contributions. The creditors understand that circumstances can change and are generally sympathetic in such situations, but may require an extension to the IVA or a compromise in return.

Please remember that your creditors are under no obligation to accept any amended terms, and that if you do not fulfil the terms of your IVA then your Arrangement may fail.