It's just been announced that the Management Buyout has been successful and that Ilford will hold a press conference on Monday 28th Feb at Focus, the annual UK Photo Show. The new name of the company will be Ilford Photo.
Les - thanks for the post, but the link you posted does not appear to address a management buyout.
The information in the article is, generally, positive but all it really states is that production is continuing at Ilford while an accounting firm has taken over administration. I don't think there is any mention of long-term equity holders.
Re-naming the company is a matter of satellite significance - what we really need to know is who actually owns the company and assumes liability for ensuring its obligations are being met.
Having read the Manchester article it's clear the management team has bought the operations.
Still, I really don't like sound of the lease-back arrangement. Admittedly, I don't know the terms but taking a page from the airline industry (where planes get sold by the airlines to groups like GE Capital and then leased back, etc.) it usually suggests the leasee lacks liquidity.
Regardless, it looks like Ilford will be around for at least a little while yet.