What’s at stake: Voluntary administrators will hold a watershed meeting where creditors get to vote on the future of Smiths City.
The background: Owner Colin Neal of Polar Capital put the home appliances and furniture retailer into voluntary administration on September 2, following difficult trading conditions. He bought the company’s assets from the receivers for $60m in 2020.
The players: Colin Neal, Polar Capital, Smiths City, BDO.
In the wake of Smiths City going into voluntary administration early this month, Shoeshine asked for comment from Colin Neal of investment group Polar Capital, which owns the home appliances and furniture retailer.
The idea was not to just look at Polar Capital’s track record with Smiths City, but
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Key points
What’s at stake: Voluntary administrators will hold a watershed meeting where creditors get to vote on the future of Smiths City.
The background: Owner Colin Neal of Polar Capital put the home appliances and furniture retailer into voluntary administration on September 2, following difficult trading conditions. He bought the company’s assets from the receivers for $60m in 2020.
The players: Colin Neal, Polar Capital, Smiths City, BDO.
