Hello and welcome to this case study of a failed company,
a case study in insolvency law and practice,
and the case centers around Butterfly Hotels Ltd. My name's Keith Pond.
I'm a lecturer at University of Loughborough,
University of Birmingham and work with the London Institute of Banking and Finance.
Butterfly Hotels Ltd, it's a small hotel company working in the UK Midlands in 2011.
The case study itself is based on information that's
available readily if you know where to look in company's house,
in the original documents provided to the courts for
the administration but also the historic accounts of the company,
the history, and of course,
any digital footprint they may have had on the Internet can still be reviewed.
The case as we'll see is an illustration of a pre-packed administration,
the type of administration that the deal to actually resolve
the failure situation was done before the administrator was appointed,
and the administration asked a very short time because it was already a done deal.
One of the good questions that
a class discussion can look at when reviewing these case studies,
was that the right route to go?