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  • It's unlikely that Ashley is much worse than the venture capitalists who owned Evans previously. Main difference is Ashley is a public figure, the other lot are anonymous.

    On that subject, it would be interesting to see the numbers of the previous owners. I wonder how much was paid out in fees and charges before they wrote off most of the debt and left others to sort out the mess?

  • I'll say that the senior/secured lenders rolled over the debt (possibly with a discount (or not) and/or a re-priced of the debt yield) with the non-secured creditors (tradesmen, non-consignment suppliers etc) taking the brunt of the hit.

    The list of creditors (owners equity are usually a subordinated/unsecured inter company loan via HoldCo to the OpCo/BidCo) should have been filed with the Companies House and the Administrators, hence should be available if you dig around a bit.

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