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Paul McLoughlin on McColl’s entering administration for The Daily Telegraph

Posted on 9 May 2022

Mishcon de Reya Partner Paul McLoughlin was quoted in The Daily Telegraph, discussing the permutations of the decision by the retailer McColl's to file for administration. 

Paul commented: “The decision to file for administration will be unsettling for creditors and employees. It does, however, represent an opportunity for the business to re-emerge under new ownership with the ability to recapitalise the balance sheet as we have seen in many other retail insolvencies. Administrators are adept at keeping businesses trading for a period of time to enable them to quickly realise value from the estate, most usually through an accelerated sale process which is often done in a matter of weeks, if not days.”

Read the full article (behind a paywall). 

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