The most recent articles from Accountancy Age

Bankruptcy calls on debtors rocket by nearly 20%

David Jetuah — 2008-09-04T16:50:00.000Z

David Jetuah, Accountancy Age, Thursday 4 September 2008 at 16:50:00

Number of creditors appealing to the courts to have individuals declared bankrupt shot up by 18% between April and end of June

The number of creditors appealing to the courts to try and get their money back from people they believe are on the verge of bankruptcy shot up by 18% last...

Insolvency code proposed

Rachael Singh — 2008-09-04T14:41:00.000Z

Rachael Singh, Accountancy Age, Thursday 4 September 2008 at 14:41:00

Insolvency practitioners are to get a new code of ethics

Guidelines are being finalised on matters such as transparency and confidentiality, with the results set to be unveiled later this year....

Dunlopillo business appoints KPMG administrators

Kevin Reed — 2008-09-03T09:49:00.000Z

Kevin Reed, Accountancy Age, Wednesday 3 September 2008 at 09:49:00

Dunlopillo enters administration affter problems securing a loan

Dunlopillo manufacturers Dunlop Latex foam have appointed administrators from KPMG. The Harrogate-based business, which employs 155 people, is still trading and administrators are looking to sell it as a going...

Smooth insolvency: try to see it my way

Barry Lewis — 2008-08-28T20:26:00.000Z

Barry Lewis, Accountancy Age, Thursday 28 August 2008 at 20:26:00

The relationship between insolvency practitioner and solicitor is vital if the insolvency process is to procede smoothly, says Barry Lewis, and key to this is is clear communication

The relationship between insolvency practitioner and solicitor is one of the most vital tools in the insolvency process. Making sure that recoveries for the benefit of creditors are maximised ...

Moyses Stevens goes under

David Jetuah — 2008-08-27T11:45:00.000Z

David Jetuah, Accountancy Age, Wednesday 27 August 2008 at 11:45:00

Partners from Harris Lipman overseeing operations as flower seller holding two royal warrants goes into administration

Moyses Stevens, the Covent-Garden based florist has gone into administration after more than 130 years of trading. Martin Atkins and Freddy Khalastchi of Harris Lipman have been appointed as joint...

Dusanj brothers tipped for Cain bid

Paul Grant — 2008-08-22T10:14:00.000Z

Paul Grant, Accountancy Age, Friday 22 August 2008 at 10:14:00

Brothers who rescued Cain in 2002 expected to try and buy business back

The Dusanj brothers are being tipped to buy the brewing and canning business of Cains Beer Company following its collapse earlier this month....

Administrator begins sale of Cain pubs

Penny Sukhraj — 2008-08-21T10:10:00.000Z

Penny Sukhraj, Accountancy Age, Thursday 21 August 2008 at 10:10:00

PwC did not disclose the locations or the number of pubs what would be affected by the closures until staff had been informed

PricewaterhouseCoopers, the administrators of troubled Liverpool brewer Cains, have begun to shut down loss-making pubs that belong to the chain....

Grant Thornton pockets £1m in Esporta sale saga

Kevin Reed — 2008-08-21T09:35:00.000Z

Kevin Reed, Accountancy Age, Thursday 21 August 2008 at 09:35:00

Adminstrators ask for extra year in attempt to sell Esporta

Administrators from Grant Thornton have asked the courts for another year to sell Esporta's parent companies as the firm's fees climbed past £1.3m....

Scottish firms preparing for insolvency boom

Accountancy Age — 2008-08-20T10:16:00.000Z

Accountancy Age, Accountancy Age, Wednesday 20 August 2008 at 10:16:00

Insolvency arms being boosted north of the Border as the number of businesses going under and individuals declaring bankruptcy is expected to rise

Accountancy firms in Scotland are preparing for a spike in insolvency demand in the early part of next year. One Edinburgh-based firm, Johnston Carmichael has increased its headcount by 40%....

BDO gears up for Dawnay, Day sell-off

David Jetuah — 2008-08-19T11:49:00.000Z

David Jetuah, Accountancy Age, Tuesday 19 August 2008 at 11:49:00

Wheels set in motion for sale of real estate investment company's property portfolio which BDO says it generating high levels of interest

BDO Stoy Hayward has advised any bidders for Dawnay, Day's property portfolio to make themselves known before the final shortlist is drawn up....

Administrators sell 80 Floors-2-go stores

AccountancyAge.com — 2008-08-18T09:21:00.000Z

AccountancyAge.com, Accountancy Age, Monday 18 August 2008 at 09:21:00

Kroll secures sale of 80 stores to the original founders of the business

Administrators for Floors-2-Go have sold 80 of the flooring retailers 132 stores back to the founders of the business. Kroll partner Fraser Guy said: 'In what has been a turbulent...

Lib Dems blast PwC's Northern Rock audit

David Jetuah — 2008-08-14T01:47:00.000Z

David Jetuah, Accountancy Age, Thursday 14 August 2008 at 01:47:00

Lib Dems' shadow chancellor Vince Cable and Treasury spokesman Lord Oakeshott urge ministers to ‘go after’ PwC, and even suggest that the firm should step down as auditors

The Lib Dems have turned up the heat on PwC, making calls for MPs to haul the firm over the coals for its audit of Northern Rock....

Wrapit directors loaned £150,000 before collapse

Barbara Buchanan — 2008-08-14T01:38:00.000Z

Barbara Buchanan, Accountancy Age, Thursday 14 August 2008 at 01:38:00

Directors of Wrapit extended loans of £150,000 before the firm went into administration earlier this month.

Directors of failed online wedding list company Wrapit are thought to be among the creditors of the company, having loaned it £150,000 before the company went under....

Wrapit staff cut by 75%

David Jetuah — 2008-08-13T15:13:00.000Z

David Jetuah, Accountancy Age, Wednesday 13 August 2008 at 15:13:00

KPMG administrators announce sweeping redundancies after no buyers could be found for the ailing business

Three quarters of the staff at Wrapit, the troubled wedding list company have been made redundant. Adminstrators from KPMG said the staff cuts were unavoidable after a buyer for the...

Wentworth College saved from administration

Kevin Reed — 2008-08-12T09:59:00.000Z

Kevin Reed, Accountancy Age, Tuesday 12 August 2008 at 09:59:00

College saved after new owners pay off its debts

Wentworth College has been saved after control was transferred to the United Church Schools Trust. Administrators from Grant Thornton agreed the transfer after the college entered into insolvency proceedings at...