KPMG asks for another six months on Cobbetts administration

It is almost a year to the day since Cobbetts called in administrators KPMG to put it on the path to administration. It had been a long time coming.

It seems now that the administration process isn’t running as smoothly as expected. KPMG has requested another six months to finalise the process, in a move that is expected to benefit creditors.

Those DWF partners who transferred to the firm following the collapse will be keeping a close eye on developments, particularly those that may be left on the hook for previous liabilities.

It won’t do any harm to KPMG, which has been charging an hourly rate of £361 for its efforts.

The clock may be reset, but time is marching on.

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