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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, Paul Boyle of Harrisons Business Recovery and Insolvency Limited and Ben Woolrych & Phil Pierce of FRP Advisory LLP, act as agents of the Company and without personal liability. Paul Boyle, Ben Woolrych and 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.

Will creditors ever extend my arrangement?

Creditors  cannot change the terms of an IVA after that IVA has been accepted.

However, if  you are ever in breach of the terms of your IVA and would otherwise fail,  then creditors may allow you to continue with the compromise that you extend the  Arrangement or make additional payments.

If this happens it will be discussed  with you fully, and you will have the opportunity to negotiate or refuse their  offer.