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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.

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.