Four months after KMPG first flagged the issue, and called for the appointment of dual administrators, the creditors’ committee of PV Holdings Realisations Limited have served notice on the KPMG contract and has announced it will move the Patisserie Holdings’ administration to business and restructuring firm FRP Advisory.

Members of the creditors committee include former chairman of the failed cake and café chain, Luke Johnson, as well as representatives from HMRC, one of the main creditors.

KPMG joint administrators will remain in post for a short period as there are a number of immediate actions relating to the administration, which need to be completed before the final handover.