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Richard Toone said: "The support received from the vast majority of employees and agencies has been remarkable and gives us confidence that we will achieve our objective of securing the survival of the company."
Prosperity4 has now put a notice on its website with the adminsitrators' contact details for enquiries.
Debenture holder
Chantrey Vellacott confirmed to Shout99 that the administration was triggered by a 'debenture holder'. A debenture holder is usually an individual or institution with a financial interest in the company.
The Enterprise Act 2002 introduced a new administration procedure with a view to promoting company rescue. It restricted the right of a debenture holder to appoint an administrative receiver in favour of administration, where there is a prospect of continuation of all or part of the business as a going concern.
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Susie Hughes © Shout99 2007
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