Buyer Beware!

The Current Financial Position of CYBC

The info is accurate to the best of our knowledge and belief.

• CYBC had been a quietly successful business for decades until Andrew and Charlotte Moffat bought it in Feb 2016 for £4.3m and began immediately to implement a new business plan, the nature of which is graphically described in the tax appeal they lost;
  
  
• CYBC is entirely dependent on TopCo for funding and on 3 Nov 2025 TopCo went into administration with debts of about £100m
  
  
• The administrators first task was to persuade Crestline, the major lender, to pony up even more money to keep CYBC afloat (literally).  Several million has already been spent since Nov trying to save CYBC from liquidation, proving that CYBC in its current form is not a viable business.
  
  
• The Administrators Report dated 24 Dec 2025 states; “Errors were identified in both the short-term cashflow and management forecasts, raising concerns about the reliability of the information provided for the IBR and whether it accurately reflected the Group’s financial position. The Group incurred losses of £9.8m in FY24 and losses of £6.8m in the 8 months to May 2025 (YTD).”
  
  
• The total amount demanded by the lender Crestline, including the make-whole amount, is £85.6m. This follows the purchase of 2 of the 4 trading companies for less than £10m. The 3rd was created by the Moffats and has done little to date. The 4th trading company simply collects rent.
  
  
• The Administrators have confirmed it will not be possible to rescue any of the insolvent companies due to the scale of liabilities and secured debt.

CAVEAT EMPTOR!