79th Group Proposals Rejected -Why Creditors Must Now Take Control

Loan note holders in the 79th Group companies have rejected the administrators’ proposals - a decisive move that shifts power back to creditors.

In this episode, we explain:

• Why administration cannot achieve its statutory purpose.
• Why liquidation is now the most effective path forward.
• How creditors can cap administrator fees at £250,000.
• Why stronger investigative powers make liquidation the better forum.
• Why the process must exit administration within 28 days.
• The crucial role of creditors’ committees in supervising costs and decisions.

 Key Insight: Administrators rarely pursue third-party recovery because they lack incentive. That’s why creditors need oversight and experienced committee representation.

 What’s Next:

• Push for conversion to liquidation.
• Enforce fee caps.
• Exercise your statutory right to control remuneration.
• Nominate Rob Smith, Codie Cage, or Britena Clarke to represent you on the creditors’ committee.

This is the moment to stand firm. Creditors have already shifted the balance of power. With unity and persistence, liquidation can deliver accountability, transparency, and a genuine chance of recovery.

To participate, coordinate, or nominate committee representatives, email: info@insolvencyandlaw.co.uk