Cobbetts ran up total liabilities of more than £90m before its collapse, including £74.4m in outstanding lease agreements, a new report by the firm's administrators KPMG has revealed. The collapsed firm had four relatively new office premises in London, Birmingham, Leeds and Manchester, with the latter subject to a reported 20-year lease agreement signed six years ago.
April 04, 2013 at 10:32 AM
1 minute read
The original version of this story was published on Legalweek
Cobbetts ran up total liabilities of more than £90m before its collapse, including £74.4m in outstanding lease agreements, a new report by the firm’s administrators KPMG has revealed.
The collapsed firm had four relatively new office premises in London, Birmingham, Leeds and Manchester, with the latter subject to a reported 20-year lease agreement signed six years ago.
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