The proposed plan
Houst is a UK-based provider of hosting and management services for holiday rental sites, and employs around 300 people worldwide. While profitable prior to the COVID-19 pandemic, the nature of its business means that it has been severely impacted by the various lockdowns, resulting in cashflow insolvency and significant liabilities owing to its creditors (£5.2m in current liabilities and £3.7m in contingent liabilities, including £2.7m to Clydesdale Bank and £1.7m to…