Ardmore directors fight to save property firms with CVA plan

Ardmore directors are attempting to save the group’s remaining property businesses after seven companies launched company voluntary arrangement (CVA) proposals to repay creditors while continuing to trade.
The proposals, overseen by business recovery specialist BTG, cover Ardmore Group Holdings, Ardmore Group, Byrne Properties, Celebration Homes, Paddington Construction, Systemhaven and Byrne Estates (Kensal Green).
If approved by creditors, the CVAs will allow the companies to repay debts