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Hodgsons embrace social media

Posted by Jacqueline Cohen - 23 Mar 2010

In the olden days, we used to write letters to each other…..then we emailed, then we texted and now it seems we poke, upload, engage and tweet.

Recognising how social media can help us to help others, we’ve launched the Hodgsons twitter page and will use this as an additional form of communication with people out there in need of impartial advice on their situation.

You’ll also see on the right hand side of our blog space, that you can “engage” and contribute to twitter conversations all over the UK discussing debt and insolvency.

And to complete the package, we hope you’ll provide feedback and questions regarding our blog content as well as suggesting subjects you would like us to discuss through this platform.

Long gone are the days when Insolvency Practitioners and Chartered Accountants are sat in plain suits, with dull, monotone voices and straight faces.  It’s a new dawn for our sector and one in which we can evolve – bringing information to people who need it, sharing our expertise and building much stronger relationships with you – our clients.

The Hodgsons approach

Posted by Steven Wiseglass - 10 Mar 2010

A business may not be a person, but it’s built by people.  The ethics and standards it works towards are created by people.  Those who run it, beleive in it, evolve it and feel passionately loyal to it, are of course people. And those who fight for it’s survival or mourn it’s loss, are people.

In our line of business the average working day consists of serious conversations about businesses which are struggling to continue and the livelihoods which will be effected should such businesses come to a close.  What makes us different is our empathy and understanding that no matter how black and white the figures are, there has to be consideration made to the emotional element of this – the lives that will be effected.  It may not effect the outcome of the situation but it will effect the approach.

Through our blog, we’ll discuss issues arising in the press or case studies which may help illustrate certain debates around this subject matter more clearly.  We welcome your questions and hope that through this forum of communication, we can improve the understand people across the country have about the ways in which insolvency and corporate recovery can be acheived.

We would never underestimate the emotional strain and worry trying to save a business can cause and will assist you in every way we can.

DIVALIMIT LIMITED goes into administration

Posted by - 05 Feb 2010



Yesterday, Thursday 4 February, Steven Wiseglass, Insolvency Practitioner of Hodgsons was appointed as administrator to Divalimit Limited (“Divalimit”).

Divalimit has a number of retail brands including, Texstyle World, FADS and Leveys.

The company was an MBO of the struggling retail chain who purchased the above brands from a previous administration in December 2008.  Currently affected by this administration are sixteen national trading stores.

Administrator Steven Wiseglass, of Hodgsons, comments;

“We are working closely with the team at Divalimit and hope to find a solution which could save at least some of the stores and jobs. The business has fought against the recession and unfortunately been unable to survive through the worst of it. We are hoping to find a buyer who will want to continue to trade the business but, under current conditions, this could be challenging.”

The company will continue to trade for the time being and the administrator welcomes any interest from potential buyers.

Notes to Editors:

For further information, please contact: / 07976 739 125

Telephone: 0161 969 2023

HARLOW TOWN F.C offered new lease of life as they enter into CVA

Posted by - 17 Sep 2009
As the football season is now under way, Harlow Town F.C bravely plays on despite the 10 point deduction as they officially enter into a CVA.
Harlow Town Football Club Limited officially enters into a Company Voluntary Arrangement (CVA)

Hodgsons Chartered Accountants confirm creditors will receive dividends

Harlow Town Football Club Limited officially entered into a Company Voluntary Arrangement (CVA) on Thursday 17 September 2009, appointing David Mond of Hodgsons Chartered Accountants as the Supervisor.
  • Despite the grey day, Mond advises this is not a sad day but one which offers a new lease of life to a Club which is clearly loved by it’s town and loyal fans.  Mond comments,
  • “Harlow Town F.C has done what was necessary to give the Club a chance to re-emerge and try and rebuild itself in a more stable, financial position with the support of the town.”
With creditors approving the CVA, the petition issued by HMRC will now be dropped and Hodgsons confirm that creditors will receive a dividend on their claims as long as the Club complies with the terms of the CVA.
According to the league rules Harlow F.C should receive a 10 points deduction and will need the support of the community to ensure the clubs survival.
Notes to Editor

For more information call:
Marketing – Jacqueline Cohen, 07976 739 125 /
CVA – Steven Wiseglass, 0161 969 2023 /
LD Financial Services, Del O’Sullivan – 01273 900 123 /
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