Thank you for your patience whilst we've been having internal discussions on the closure of the UK business. Given the financial position of the wider group, all subsidiaries which includes Argyll Entertainment AG (AEG), currently require sign off by EEG's finance team for any payments or payment plans.
Having discussed this particular debt, EEG's finance team has suggested a 40% payment on the current balance, paid over 12 months, starting on February 10th 2023, and paid on the second Friday of the month thereafter.
Whilst AEG remains solvent, this offer is a reflection of the financial position of the company and the wider group. In the event that AEG becomes insolvent, the company will be wound up in accordance with the legal framework. In that scenario, any remaining assets after taxes and professional fees have been paid would then be distributed equally amongst remaining creditors, meaning the amount received will be less than the above offer.
Please confirm if we can proceed based on the above.