Paul Herbert becomes CRO of Aero Inventory plc

Paul Herbert becomes CRO of Aero Inventory plc

Paul Herbert was appointed Chief Restructuring Officer at Aero Inventory UK Ltd in November 2010.

AIM listed Aero Inventory had gone into administration in a high profile failure in November 2009 with £300m of multi-bank debt but a balance sheet including over £350m of aircraft parts. Over the past year KPMG have been working to resolve numerous retention issues and to create a mechanism to secure over 50 million parts from 30 international locations. Paul’s objective is return the business to the aerospace market and realise the value in the stock whilst creating an attractive business for sale.

Commenting on the project, Paul Herbert said “This is a complex assignment to help the administrators maximise realisations from a potentially very valuable asset and to work to restructure the business ready for new ownership”

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