12.03.2014
Sit-up which operates the Price Drop and Bid TV shopping
channels is seeking to enter a CVA with its creditors. Paul and Val Wright, the
original founders of Ideal Shopping, plan a rescue of the business with an investment
of £6 million, if the CVA is supported. Trui Capital acquired Sit-up in
December 2013. The CVA is being managed by KMPG which has called a meeting of
creditors on March 18th.
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