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Taylors in The Zone

» Posted on: 5 February 2007
» Posted by: Andrew Livesey
» Service area: Business Support & Restructuring

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Leading commercial law firm Taylors were instructed by the Directors of Music Zone Services Limited in the run up to the company being placed into administration.

Music Zone Services Limited operates as “Music Zone” a high street retailer of chart CD’s, DVD’s and related products who at one point were the fastest growing independent music retailer in the UK.

The company suffered an unexpected withdrawal of its working capital facility from its principal bankers at a critical time in the run up to Christmas and the post-Christmas sales period. The Manchester-based firm filed for administration in early January after struggling against competition from the internet and supermarkets.

“It is testament to the reputation of the Corporate Recovery team at Taylors that we were asked to undertake this high profile assignment” explained Andrew Livesey, Partner at Taylors.

“We were able to put structures in place at very short notice to provide the client with the advice and support they needed at a critical time for the business” he continued.

Taylors continue to combine their restructuring expertise with an enviable partner-led service and it is this that clients find invaluable.

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