Insolvency

Jo Swinson

Creditor meetings could be reduced in an administration

Reduction in red tape across insolvency process could save creditors £36m annually and increase communication with less meetings scheduled

19 Jul 2013

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EY administrators sell Internacionale as pre-pack

Administrators arrange pre-pack sale to existing backers safeguarding 1,550 jobs

16 Jul 2013

Vince Cable business secretary

Directors to be liable for corporate collapses

Vince Cable announces changes to company director disqualifications as he reforms insolvency process

15 Jul 2013

Zolfo Cooper administrators called to Nicole Farhi fashion retailer

Peter Saville leads administration of fashion retailer Nicole Farhi which has had three owners in as many years

04 Jul 2013

Better pension payoff for longer workers in company insolvency

DWP confirms that longer-serving employees with larger pension pots will not lose out as much previously during the corporate insolvency process

28 Jun 2013

FRP administrators called to UK based food manufacturer

Q Cold enters administration after the loss of a key contract

26 Jun 2013

Blood on the high street as big names set for insolvency

Dwell, Internacionale, ModelZone and Ark all set to enter insolvency around the quarterly rent due date

26 Jun 2013

Moore Stephens liquidators appointed to London Olympics organisers

Phillip Sykes and Jeremy Willmont from Moore Stephens appointed liquidators to the London Organising Committee for the Olympic and Paralympic Games (LOCOG)

25 Jun 2013

David Rubin administrators line up buyer for Coventry City FC

Administrators line up Otium Entertainment to buy the collapsed club, but fans are disgruntled that it is registered to directors that own the parent company of Coventry City FC

17 Jun 2013

RSM Tenon bolsters London restructuring team

Grant Thornton partner Andrew Hosking and Baker Tilly partner Sarah Batchelor join RSM Tenon’s London restructuring team

12 Jun 2013

Hearts face yet another HMRC deadline

Heart of Midlothian FC could be served a winding-up order, should it fail to pay around £100,000 in outstanding PAYE and NICs

10 Jun 2013

Jo Swinson: More needed but insolvency reform step in the right direction

Consumer affairs minister Jo Swinson writes for Accountancy Age on the incoming reforms to insolvency practitioners’ regulation.

05 Jun 2013

Insolvency complaints body launched

Government cuts red tape and launches a single complaints gateway across the insolvency profession

05 Jun 2013

Minority bondholders given ammunition to fight back

Following a court decision restructurings which penalise minority bondholders could fall foul of the law explains Craig Barrett

31 May 2013

Two Chesterfield accounting firms shut down

Two closely-related Chesterfield accountancy firms shut down in public interest over poor business practices

24 May 2013

Ex-KPMG partner takes BDO role

David Fletcher leaves KPMG after 12 years to take a similar role heading up restructuring at BDO

13 May 2013

KPMG administrators rack up £2.4m fees for JJB

Administrators’ fees come in at £2.4m with the team also applying to extend the administration 24 months when it comes to an end in September

10 May 2013

Court reduces risk of scheme deficits triggering insolvency

Supreme Court upholds decision to set a high threshold in declaring a business insolvent

09 May 2013

FRP Advisory creates Alliance network in UK & Ireland

UK and Ireland insolvency firms form alliance to better equip them to tackle cross-border insolvency cases

09 May 2013

Bankruptcies continue to fall

Individual insolvencies continue to decline with simplified bankruptcy process DROs, proving more popular than bankruptcies for third consecutive quarter

03 May 2013

Page 7 of 24

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This web seminar will explain how finance directors can monitor and understand the various financial costs of staff turnover

The Practitioner: 'Tis the season to tidy up

The Practitioner lets loose with 'Deskgate', after losing the plot over yet another untidy area...

AS2014: Osborne's reforms sensible - IoD

Sensible reforms preface more radical tax policies in next parliament, writes Institute of Directors' head of taxation Stephen Herring

#AS2014: ACCA still concerned over public coffers, despite spending plans

Government's spending plans give false impression of state of the UK's finances, writes ACCA's Chas Roy-Chowdhury

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Intermediary rules: What your clients need to know

Alastair Kendrick walks through the new landscape for workers engaged through intermediaries, and finds that clients might not have up-to-scratch systems and processes

Taking Stock: 2014 in cartoons

Colin and friends take you through their year - using the medium of pithy cartoons

Taking Stock: Massaging the figures

TS was pleased to note some interesting methods to alleviate Christmas stress

Colin: Using Google to make money out of the net

Colin thinks Osborne's latest tax wheeze means he is not such a bad egg after all

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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.