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Pre-pack Proves Smarter Way to Save Jobs

Pre Pack Administration

| December 10th 2009

More News by Julie Palmer

The jobs of 36 people employed by London-based Smarter Communications Group have been saved following the successful sale of the group’s three businesses by Antony Fanshawe of rescue, recovery and turnaround specialist Begbies Traynor.

Full service advertising agency Truly London, its web design and e-commerce division Leftfield Digital and specialist online marketing company Forty2Digital were bought out of administration by the group’s directors.

First established in 2003 as Smarter Communications, the group restructured its operations to develop a network of communications businesses in October 2008. These included an overseas office based in Dubai.

Antony Fanshawe commented: “Pre-packs are an excellent tool for bringing about the sale of businesses where the real value lies in employees, forward contracts or intellectual property.

“The successful sale of these three companies highlights the positive aspects of the pre-pack process and its ability to bring service sector businesses back from the brink, saving jobs and providing the best available return for stakeholders.”

Smarter Communications Group’s clients include Isle of Man, AIG, Air South West, Nakeel, Fred Olsen Cruise Lines, Nuffield Health and Jack Russell Clothing.


About the author

Julie Palmer

Regional Managing Partner

Meet our Team of Experts

Julie is a law graduate who qualified with Price Waterhouse in 1994. Julie joined Smith & Williamson in 1997 and became a partner in 2001. With Mike Stevenson, Julie set up Middleton Partners offices in Salisbury and Southampton, both of which are now part of Begbies Traynor.

Julie is a member of the Insolvency Practitioners Association and is a Fellow of The Association of Business Recovery Professionals. Julie deals with all aspects of Corporate Recovery and turnaround work and takes all form of personal insolvency appointments.

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