What is Lester Aldridge’s role?
When the SRA intervenes they use an Intervention Agent, such as ourselves, to help with the process. As an appointed agent to the SRA, we visit the premises of the intervened firm with an SRA representative to collect their files on the day of the intervention.
However, we don’t continue the practice of the intervened firm or take over their clients’ matters.
Also, we don’t take over responsibility for payment of any trading debts of an intervened firm. If you are a creditor, you will need to contact the former principal(s) of the intervened firm directly, or their administrators (as applicable).
For more information about the files collected from the intervened firm, see What happens to my papers?
In a recent appeal from an arbitration decision, the English Court was asked to consider the apportionment of liability, under the Inter-Club Agreement, in respect of a cargo claim arising from the handling of cargo.
What does care cost? No doubt many providers we meet would say that the cost local authorities will pay is often at odds with the actual costs faced by providers. It is perhaps, therefore, not surprising that the news over recent weeks has reported an increase in the number of care services falling into insolvency.
You may have heard the news today about House of Fraser announcing a planned Company Voluntary Arrangement (CVA) which if approved, will see the closure of 31 of its 59 stores.