KPMG brings in FD for Courts crisis

KPMG, the administrator appointed for furniture retailer Courts, has drafted in Financial Dynamics to bolster its press office and handle media fallout from last week’s closure of all 88 of Courts’ UK stores.

A KPMG spokeswoman confirmed that FD had been brought in on an ‘ad hoc’ basis to assist the auditors’ PROs on the Courts front line.

Courts UK went into administration on 30 November after failing to restructure £280m of debt. Stores were originally closed so that KPMG could assess the value of the firm’s stock to sell on as much of the business as possible as a going concern.

But the store closure has been extended after what the administrators described as ‘disturbances’ and ‘aggressive incidents’ caused by angry customers who had paid deposits for Courts furniture.

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