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Administrators have saved the jobs and contracts of a utilities specialist debt recovery firm in a prepack deal. Andrew Duncan and Neil Bennett, directors at Leonard Curtis Business Solutions Group, were appointed joint administrators to Richburns in June this year. Richburns, which provides debt recovery and metering services for the utilities market, was sold immediately in a prepack deal, following an accelerated M&A process, to turnaround specialist Essendon Capital.
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