Above: Ben Eaton
Starleaton administrators are recommending creditors accept a Deed of Company Arrangement put forward by company director Ben Eaton.
Eaton has been confirmed as the ‘related party’ identified as offering a Deed of Company Arrangement (DOCA) the day before creditors were likely to vote that the business should enter liquidation.
Starleaton administrators issued a new document last week – Voluntary Administrators’ Supplementary Report to Creditors and based on their findings and the DOCA received from Eaton that his proposal represents a better chance of a return to creditors than placing the business into liquidation.
“Our opinion, is to execute the DOCA as it provides more…
