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Further creditor meetings planned

Further creditor meetings planned

Thursday 11 May 2023

Further creditor meetings planned

Thursday 11 May 2023

Three more meetings have been planned for creditors of businesses linked with the collapsed Garenne Group to meet with the liquidators handling the ongoing processes.

On Friday 19 May, there will be three meetings held at the KPMG Advisory Ltd offices at the Glategny Esplanade in St Peter Port.

The first at 09:30 will concern the voluntary liquidation of Carterets Development Ltd. Then at 10:30 a meeting will be held on the voluntary liquidation of Rabey's Property Ltd. Finally at 11:30 creditors of Garenne Property Ltd will be able to ask the liquidators questions about what is happening.

As with the previous creditors meeting held at the end of April, the ones to be next week will be held behind closed doors, with only the liquidators and creditors able to enter the room.

garenne creditors

Pictured: A previous creditors' meeting was held behind closed doors at St James. 

For Carterets Development Ltd, Rabeys Property Ltd, and Garenne Property Ltd, Linda Johnson and Louis Leonard Gerber of KPMG Advisory Ltd have been appointed liquidators. 

Garenne Property Ltd is believed to have been the holding company responsible for properties owned by the Garenne Group. That may include the offices currently occupied by R.G. Falla Construction Ltd at Garenne Park, St Sampson's. 

Rabeys Property Ltd was the holding company for all property owned by Rabeys Garage Ltd. That includes the site at the Vale Castle Industrial Estate which is currently for sale for £3.6m+. AFM has a 13-year lease for its offices within that area of land. 

Carterets Development Ltd is linked with the collapsed Garenne Group in a number of ways. This business was responsible for the redevelopment of the former Hotel Les Carterets which was rebuilt as the Les Residences development.

The Garenne Group website had boasted that "Les Residences is a stunning" development of "luxury apartments" built to "an extremely high specification". The Garenne website has been taken offline in recent weeks. 


Pictured: Carterets Developments Ltd and the Garenne Group were responsible for the creation of Les Residences. Both firms are now in voluntary liquidation.

Each of Garenne Property Ltd, Rabeys Property Ltd and Carterets Property Ltd were named under Stuart Falla's original declaration of interests on the States of Guernsey website in relation to his former role as Chair of the States Development Agency.

Mr Falla, the former Managing Director of Garenne owned companies including Hurel Ltd (formerly R.G. Falla Ltd), had also listed a number of other businesses which are known to have split from the Garenne Group either years ago, earlier this year, or since the liquidation process was started.

Earlier this month, Mr Falla resigned from his position with the Development Agency, and the States Trading Supervisory Board,  following the recent "turmoil" he has experienced as a result of his family's former businesses folding.


Pictured: Prominent businessman, and former politician, Stuart Falla has also been involved in many community initiatives such as the Health Improvement Commission.

The Garenne Group was a large organisation focused on the construction sector with a number of interests across Guernsey, Jersey and the UK.

It's believed to have owned 13 companies at one time, with seven of the Guernsey interests now in voluntary liquidation, along with two in Jersey. 

Some businesses related to the Garenne Group were sold off prior to, or shortly after, it going into voluntary liquidation.  

Express understands there are now seven Garenne-linked businesses in voluntary liquidation in Guernsey as well as at least two in Jersey, meaning the majority of the Garenne Group's remaining interests have been closed. 


Stuart Falla resigns

Rabeys stock goes to auction

Creditors of collapsed former Garenne firm to meet 

Date set for Garenne Group creditors

Garenne Group going into liquidation

Rabeys Garage going into liquidation – 27 made redundant

AFM confirms split from Garenne

Granite Le Pelley saved by Guernsey bosses

Geomarine buy-out completed

R.G. Falla Ltd in liquidation

Garenne Group Chairman resigns

Major building contractor Camerons stops trading with immediate effect

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