A new businesses, called R.G. Falla Construction Ltd was registered in Guernsey in August 2022.
It is a completely separate entity to Hurel Ltd (formerly R.G. Falla Ltd) which was part of the Garenne Group, which is also now in liquidation.
Pictured: The Guernsey Registry lists a new business, R.G. Falla Construction Ltd, as having been registered in August 2022.
The Guernsey Registry lists Hurel Ltd as being established in 1956 – it was previously listed as R.G. Falla Ltd and the name change is believed to have been made during March of this year, shortly before the Garenne Group was put into voluntary liquidation on 31 March.
Hurel Ltd was placed into voluntary liquidation on 6 April.
As a separate entity, R.G. Falla Construction Ltd is not directly linked with the voluntary liquidation of the Garenne Group, or Hurel Ltd, and is operating as normal.
Pictured: R.G. Falla Ltd was renamed as Hurel Ltd in March this year. The Guernsey Registry lists Hurel Ltd as being founded in 1956 – the year which R.G. Falla Ltd was formed.
The Joint Liquidators have today said that they are aware that “sometime in early March, prior to the Joint Liquidators’ appointment, there was a transaction entered into by the directors of the Company in which the Company’s business and assets were sold.”
Geoff Jacobs and David Standish of Interpath Advisory and Linda Johnson and Leonard Gerber of KPMG Advisory were appointed as Joint Liquidators of Hurel Ltd (formerly R.G. Falla Ltd) on 6 April.
A statement issued on their behalf this morning said they were not involved with, nor advised upon, the transaction.
“We understand that the Company’s name was changed from R.G. Falla Ltd to Hurel Ltd at that stage (during March) or shortly thereafter. We require to understand the level of consideration made, if any. We understand that 46 employees transferred to the purchaser and are not aware of any redundancies having been made at the time of sale,” they said.
Pictured: The Voluntary Liquidation of Hurel Ltd (formerly R.G. Falla Ltd) was announced via La Gazette Officielle earlier this month.
The joint statement confirmed that the four people overseeing the Voluntary Liquidation of Hurel Ltd are focused on that process.
“For the avoidance of doubt, neither the Joint Liquidators, Interpath Advisory or KPMG Advisory were involved in the transaction,” they said. “The Joint Liquidators’ focus within the Liquidation will be on assessing the transaction as part of their review into the affairs of the Company and considering if there are any actions that require to be implemented.”
Mr Jacobs, the Managing Director at Interpath Advisory, said any creditors of Hurel Ltd (formerly R.G. Falla Ltd) need to make contact with the Joint Liquidators to be involved in any future payouts which may materialise.
“We will be taking all steps to rapidly assess the position to understand if there are any assets available to be realised or routes available to recover funds for the Liquidation estate. In the meantime, if creditors provide details of any claims, we shall record these and ensure that creditors are included on the creditor listing and are updated on the progress of the Liquidation in accordance with the statutory process. We would ask that any parties who wish to bring any matters to our attention to make contact with the Liquidators at Interpath Advisory.”
Express has asked R.G. Falla Construction Ltd if it would like to comment on this morning’s statement issued by the Joint Liquidators overseeing the winding up of Hurel Ltd.
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