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LATEST NEWS & EVENTS Targetfellow undergoes restructuring  Property investment company Targetfellow is set to begin restructuring after new investment was pledged to save the company from corporate insolvency. A "high quality consortium" has agreed to offer £150 million of funding to Targetfellow, which should stabilise the company and allow it to prolong its trading. Although, the agreement is still pending approval from the Lloyds Banking Group and is due a diligence check across a period of four weeks. A Targetfollow representative said: "The investment addresses Lloyds’ concerns by enabling the company to be restructured, while also continuing to pay down the debt in an orderly manner." Earlier this month, business advisory firm Deloitte revealed that the administration rate in the UK is falling. The current figure of administrations is 1,648, which is 20 per cent less than before the recession began four years ago, according to the research by Deloitte. Also, the number of administrations among UK businesses in the opening nine months of the year have seen a 36 per cent decrease when compared to the same period in 2009. Posted by Gaby Hamerton 
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