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Jurisdiction(s):
United Kingdom

Chandlers/Turbo Group Part 26A plans sanctioned: 13 inter-conditional proposals with extensive landlord compromises, third-party releases and cross-class cram down (England and Wales)

Practice notes
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Chandlers Building Supplies Holdings Limited, alongside 12 other Turbo Group companies, pursued 13 inter-conditional Part 26A restructuring plans at a convening hearing in June 2025 and a sanction hearing in July 2025. The principal points are set out below (capitalised terms have the meanings given in the convening and sanction judgments). This Deal Debrief is part of our Restructuring plans toolkit. For detailed metrics on RPs filed in 2024 and insights from leading restructuring practitioners, see News Analysis: Market Insights Trend Report—trends in Part 26A restructuring plans in 2024...

Name of plan companies

  • Chandlers Building Supplies Holdings Limited
  • Chandlers Building Supplies Limited
  • CRS Building Supplies Limited
  • Devondale Electrical Distributors Limited
  • Dougfield Plumbers Supplies Limited
  • Fairalls (Builders Merchants) Limited
  • Grant & Stone Limited
  • Parker Building Supplies Limited
  • Pennyhill Timber Ltd
  • Rawle Gammon & Baker Holdings Limited
  • Sussex Plumbing Supplies Limited
  • Sussex Turnery & Moulding Company Limited
  • Total Plumbing Supplies Limited

Industry sector

Building/construction

Place of debtor’s incorporation and jurisdictional factors

The Plan Companies were incorporated in England and Wales...

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Web page updated on 21/05/2026

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Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...

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I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...

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