The future of Planet Organic, the UK’s first fully certified organic supermarket chain, has been secured after administrators from Interpath Advisory sold the majority parts of the business and its assets to Bioren Limited, whose shareholders include the founders of Planet Organic, Renée and Brian Elliott.
To the stakeholders of a company, there are few words more dreaded than liquidation or bankruptcy. The adverse connotations of these words, particularly when used speculatively in the press or on social media – present several risks to companies.
Geoff Jacobs and David Standish of Interpath Advisory and Linda Johnson and Leonard Gerber of KPMG Advisory were appointed as Joint Liquidators of Hurel Ltd, formerly R.G. Falla Ltd (the “Company”) on 6 April 2023 by way of Members Voluntary Liquidation.
The number of companies filing for administration jumped by 16% on last year as rising inflation, energy bills and interest rates continue to challenge businesses.
The future of Planet Organic, the UK’s first fully certified organic supermarket chain, has been secured after administrators from Interpath Advisory sold the majority parts of the business and its assets to Bioren Limited, whose shareholders include the founders of Planet Organic, Renée and Brian Elliott.
Geoff Jacobs and David Standish from Interpath Advisory and Linda Johnson and Leonard Gerber of KPMG Advisory were appointed joint liquidators to Rabeys Garage Limited, trading in Guernsey as Rabeys Commercial Vehicles on 4 April 2023.
