Insolvency

Insolvency Service

Claims consultant banned for compensating himself ahead of HMRC

Claims consultant Richard Render disqualified as a company director for six years for failing to pay tax but paying himself instead

24 Nov 2014

Image credit - trevorb via Shutterstock

BDO liquidators win £24m for Rangers creditors

BDO secure £24m for Rangers creditors after agreeing settlement with Collyer Bristow, the lawyers who acted for Craig Whyte when he bought the club in 2011

20 Nov 2014

Gherkin Building in City of London

Deloitte sells Gherkin to Brazilian billionaire

Receivers from Deloitte sell iconic City landmark to Brazilian billionaire Joseph Safra

11 Nov 2014

Taking Stock: Dozy government MPs ‘snooze’ through key insolvency vote

Government MPs apparently forget to vote on a key committee-stage amendment to the Small Business, Enterprise, and Employment Bill

06 Nov 2014

Prepack deal saves London Mining's Sierra Leone mine

The mineran into "severe liquidity issues" caused by a combination of high costs, falling iron ore prices and the impact of the Ebola virus

03 Nov 2014

KPMG administrators make redundancies at PCS Brands

The employees were all culled from PCS Brands, a manufacturing business which makes metal bake ware, cookware and wine racks together with the distribution of cutlery under the Viners Brand

03 Nov 2014

Bankruptcies hit lowest quarterly level in 15 years

Insolvency Service figures show bankruptcy orders reach lowest level since 1999

29 Oct 2014

Smith & Williamson administrators called in to Caterham

Caterham enters administration, while Marussia teeters on brink of collapse

27 Oct 2014

Milsted Langdon welcomes first female insolvency practitioner

Rachel makes company history 17 years after starting at firm

21 Oct 2014

IPs in a predicament over interest rate swap mis-selling

With the statutory six year limitation period on legal action soon to expire, the mis-selling of interest rate hedging products has become an urgent matter for IPs

20 Oct 2014

PwC called in as Ebola-hit London Mining collapses

PwC joint administrators appointed as London Mining collapses into administration

17 Oct 2014

R3 calls on next government to commit to insolvency reforms

Insolvency reforms needed for better deal for small businesses, taxpayers, and indebted individuals, R3 says

06 Oct 2014

Former Rangers owner Whyte in 15-year directorship ban

Craig Whyte banned from holding company directorships after the Insolvency Service holds he acted without consultation with fellow directors

01 Oct 2014

Begbies warns of challenging year ahead

Begbies braced for difficult year as it continues to suffer from lower levels of corporate insolvencies

30 Sep 2014

Easterby latest to leave Baker Tilly for Quantuma

Qualified insolvency practitioner Richard Easterby leaves Baker Tilly to join Quantuma as senior manager

23 Sep 2014

PwC administrators confirm sale of Phones 4U stores

EE and Vodafone snap up Phones 4U stores in deals agreed with administrators from PwC

22 Sep 2014

Deloitte administrators appointed as Rileys shuts pool halls

A quarter of Rileys pool and sports bars shut down as Deloitte administrators seek to save struggling business

16 Sep 2014

PwC lined up as Phones 4U administrator

Phones 4U collapses into administration and seeks to appoint PwC

15 Sep 2014

Leonard Curtis arranges sale of Installation Project Services

Joint administrators from Leonard Curtis sell Installation Project Services, preserving 29 jobs

05 Sep 2014

Kahn ‘steps down' from ICAEW's special industry group

Neville Kahn, of whom Vince Cable called on the ICAEW to investigate, quits the institute's special interest insolvency group

02 Sep 2014

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Internal auditors must up game over new anti-corruption rules

Government's more onerous anti-corruption plan means internal auditors must up their game

Colin: Post-awards emotion

For some, the British Accountancy Awards can be emotionally demanding

Colin: Pre-award jitters

Colin's excited about tonight's British Accountancy Awards

Colin: Audit losses go down badly

Colin imagines KPMG's reaction to losing Diageo audit

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Briefings

budget-management

Why budgeting fails: One management system is not enough

If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.

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iXBRL: Taking stock. Looking forward

In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.