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LONDON - FRP Advisory Group plc, a UK specialist business advisory firm, disclosed director involvement in Burrington Estates Group’s administration and liquidation process. David Chubb (NYSE:CB), a director at FRP, independently joined the Burrington Group to aid in its closure.
The Burrington Estates (Clifton Road Deddington) Ltd entered administration on February 14, 2025, with several other companies within the group undergoing creditor’s voluntary liquidations between February 3 and February 28, 2025. The announcement, made today, fulfills the company’s obligation under the AIM Rules for Companies, specifically Schedule Two, paragraph (g), which requires the disclosure of directors’ roles in other businesses.
Burrington Group faced a series of liquidations, affecting over 20 subsidiaries throughout February. The process began with Burrington Estates (Alphington) Ltd on February 3 and concluded with Burrington Estates SPV Holding Co Ltd on February 28. This series of insolvencies has drawn attention to the corporate governance practices within the business advisory sector.
FRP’s disclosure emphasizes transparency in its operations and compliance with market regulations. The information, based on a press release statement, ensures that investors and stakeholders are aware of the directors’ external engagements and potential conflicts of interest.
The announcement from FRP Advisory Group comes as the company continues to navigate the complexities of business advisory, particularly in insolvency and restructuring scenarios. While the company has not commented on the financial impact of these events, the market will be monitoring the situation for any potential implications.
The disclosure does not indicate any wrongdoing by Chubb or FRP but serves as a routine governance update to the market. FRP has not made any further statements regarding the future prospects of Burrington Estates Group or its impact on FRP’s operations.
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