Part 26A restructuring plan deal debrief—Revolution Bars Limited

Copyright © 2025 LexisNexis
Published by a LexisNexis Restructuring & Insolvency expert
Practice notes

Part 26A restructuring plan deal debrief—Revolution Bars Limited

Copyright © 2025 LexisNexis

Published by a LexisNexis Restructuring & Insolvency expert

Practice notes
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Revolution Bars Limited applied for a Part 26A restructuring plan (RP) at a convening hearing in July 2024 and sanction hearing in August 2024. The key points appear below (capitalised terms not defined herein are as defined in the convening and sanction judgments).

This Deal Debrief forms part of our Restructuring plans collection.

For a detailed analysis of key metrics from the RPs filed in 2023 and commentary from leading lights in the restructuring world, see Practice Note: Market Insights Trend Report—trends in Part 26A restructuring plans in 2023 [Archived].

Name of plan companyRevolution Bars Limited (the Company)
Industry sectorRetail
Place of debtor’s incorporation and jurisdictional factors The Company is incorporated in England & Wales and entered into a Deed of Contribution.
Legal counsel involvedThe Company: Mr Tom Smith KC and Jon Colcough
TimelineApril 2024: waiver letter from the National Westminster Bank (NatWest) for various covenant breaches31 May 2024: Practice Statement Letter (PSL) circulated19 June 2024: under a Deed of Contribution, the
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Jurisdiction(s):
United Kingdom

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