Published: 16th March 2018
Just a week after being placed into administration, our London team sold the assets and trade of Marston & Langinger to a new management team. Our skilful negotiation greatly increased the offer, in view of the number of interested parties. The High Street lender was repaid in full within three weeks, reducing interest on the debt, benefiting other creditors and saving this well-known maker of conservatories, bespoke joinery, blinds and furniture. The sale means ongoing employment for many staff, a number of contracts are preserved, and creditors claims are much reduced.
Mark is an experienced insolvency practitioner, with over twenty years experience. Originally a founding partner in Taylor Gotham & Fry, a specialist boutique practice in the corporate recovery sector, he later sold this practice in 2005 to Begbies Traynor. Mark is now the Regional Managing Partner for the company, responsible for London and the South East. During his time at Begbies Traynor he has developed a separate but integrated restructuring and banking practice; this part of the business has worked in both debtor and creditor led turnaround situations. He also holds several directorships of trading companies outside the financial sector, which assists his awareness and understanding of the issues found by business managers and owners.
Mark is a Counsel Member of the Insolvency Practioners Association and a member of their Membership and Authorisation Committee, as well as the Education and Training Committee. He has also served as a member of the General Technical Committee for R3, the Association of Business Recovery Professionals.