OutsideClinic Limited, Re The Companies Act 2006

OutsideClinic Limited, Re The Companies Act 2006

The restructuring plan was sanctioned because all assenting creditor classes were fairly represented, the plan was rational and fair, dissenting classes were out of the money and not prejudiced, and statutory conditions for cram-down were satisfied.

Parties
Applicant Company: OutsideClinic Limited; Respondent Creditor: HMRC
Jurisdiction
England and Wales
Judgment Date
04 November 2025
Procedural Posture
Restructuring Plan Sanction Under Companies Act 2006 Part 26 a / Sanction Hearing
Outcome
Restructuring plan sanctioned
Legal Topics
Restructuring Plan, Cross Class Cram Down, Creditor Rights, Sanction of Arrangement
Insolvency Company Law Restructuring Plan Cross Class Cram Down Creditor Rights Sanction of Arrangement

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Parties

OutsideClinic Limited

Applicant Company

HMRC

Respondent Creditor

Procedural Posture

Restructuring Plan Sanction Under Companies Act 2006 Part 26 a / Sanction Hearing

Legal Issues

  1. 1 Whether the restructuring plan should be sanctioned under Part 26A Companies Act 2006
  2. 2 Whether cross class cram-down is appropriate for dissenting creditor classes
  3. 3 Whether the plan is fair and equitable to all affected creditor classes

Ratio Decidendi

The restructuring plan was sanctioned because all assenting creditor classes were fairly represented, the plan was rational and fair, dissenting classes were out of the money and not prejudiced, and statutory conditions for cram-down were satisfied.

Court Disposition

Restructuring plan sanctioned

Orders

  • Order sanctioning the restructuring plan under Part 26A Companies Act 2006