Restructuring success for AIM-listed companies: Antony Batty & Company leads the way
Specialist insolvency firm Antony Batty & Company (“ABc”), which has an office in Bournemouth, has further cemented its reputation as a market leader in restructuring AIM and Main Market-listed companies, successfully advising Curzon Energy PLC and Electric Guitar PLC on their balance sheet restructuring. Both companies have now re-listed, providing renewed opportunities for stakeholders and investors.
In an increasingly complex financial landscape, restructuring failing listed entities requires expert knowledge and strategic execution. ABc has pioneered the use of Company Voluntary Arrangements (CVAs) to restore solvency and create value for creditors and shareholders, preventing liquidation and enabling companies to remain listed.
Curzon Energy PLC, a London Stock Exchange Main Market-listed company, faced mounting debts of over £3 million after failing to secure a viable acquisition. Through a CVA facilitated by ABc, creditors converted debt into equity, and fresh funds were raised. This resulted in its successful relisting under the name Corpus Resources PLC.
Electric Guitar PLC, an AIM-listed company, approached ABc after its trading subsidiary entered liquidation, leaving the PLC with significant liabilities. Through ABc’s expertise and collaboration with the company’s AIM Nominated Advisor, a CVA was approved, restoring solvency and securing the company’s future on the AIM market.
Another recent appointment saw ABc oversee the solvent liquidation of Partway Group PLC, allowing the company to terminate its AIM listing and return surplus funds to shareholders through a Members Voluntary Liquidation.
Commenting on the firm’s recent successes, Licensed Insolvency Practitioner Antony Batty stated:
“The CVAs for Curzon Energy PLC and Electric Guitar PLC provided a good result for all stakeholders. Without restructuring, creditors and shareholders faced total loss. These companies can now seek reverse takeovers without historic liabilities. Our first CVA of this kind was in 2000, and since then, we areproud to have helped many listed firms restructure and relist successfully.”
ABc’s expertise in restructuring listed companies has enabled over 25 Main Market and AIM-listed PLCs, as well as numerous Venture Capital Trusts (VCTs), to navigate financial distress and secure their future on the markets.