Pre-Pack

Insolvency Service

Government to launch review of pre-pack administrations

Government announces that it will undertake an independent review of pre-pack administrations to be launched in late spring

12 Mar 2013

Alan Hudson

E&Y administrators arrange Dreams pre-pack

Ernst & Young administrators arrange pre-pack sale of Dreams to Sun Capital Partners but not for the whole business

06 Mar 2013

Mark Firmin

KPMG administrators arrange pre-pack of Cobbetts

Pre-pack saves more than 400 jobs at Cobbetts but debt recovery arm Incasso was not part of the deal and its future remains uncertain

07 Feb 2013

IPs need tougher sanctions in pre-packs, says BIS

Pre-packs need more transparency, claims a Business Innovation and Skills select committee

06 Feb 2013

KPMG administrators to arrange pre-pack of Cobbetts

DWF is set to acquire financially stricken Cobbetts in a pre-pack administration deal

01 Feb 2013

Accounting black hole sees PR firm sold in pre-pack

Chantrey Vellacott administrators sell Ward Lovett Advertising after a fraud was discovered at the firm

24 Jan 2013

Pickfords sold in pre-pack to offload pension liabilities

BDO administrators sell Pickfords to management to offload its defined benefit pension

05 Dec 2012

KPMG administrators say JJB creditors will receive next to nothing

Collapsed retailer owes £212m to unsecured creditors, with just £600,000 to share out. Shareholders also to receive no repayment

30 Nov 2012

Leonard Curtis administrators sort Harley Medical pre-pack

Leonard Curtis administrators organise pre-pack for Harley Medical Group following legal claims from women affected by faulty breast implants

26 Nov 2012

More than 2,000 jobs go as JJB Sports enters administration

KPMG administrators arrange pre-pack of retailer, saving 550 jobs with the sale of 20 stores

01 Oct 2012

KPMG administrators to arrange pre-pack sale of JJB

JJB announces that sale is likely to take place just after administrators are appointed

24 Sep 2012

Molinare rescued in pre-pack deal

Molinare sold to former owner in a pre-pack administration handled by Springfields

15 Jun 2012

21 IPs reported for pre-pack non-compliance in 2011

Non-compliance of pre-packs sees 21 practitioners reported in 2011 compared to just 15 in 2010.

15 May 2012

R3 defends profession against British Property Federation

Insolvency trade body R3 hits back at British Property Federation’s calls for better regulation

20 Apr 2012

BPF calls for changes to pre-packs to restore fairness

British Property Federation launch campaign calling for changes to insolvency regulation

20 Apr 2012

PwC arranges Donn solicitor pre-pack

PwC sells personal injury solicitor firm to rivals in pre-pack

28 Mar 2012

PwC lines up GAME pre-pack administration

PwC partner Mike Jervis lined up to take on GAME administration, Accountancy Age understands

23 Mar 2012

KPMG administrators charge £5.4m fees for Peacocks since January

Administrators rack up £5.4m for but unsecured creditors including taxman could receive less than 1p for every pound owed

15 Mar 2012

Government makes u-turn on pre-packs

The government has ditched proposed radical changes to pre-packs

26 Jan 2012

KPMG administrators lined up for Peacock pre-pack

KPMG insolvency practitioners lined up to take on possible pre-pack sale of retailing giant Peacocks.

17 Jan 2012

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The Practitioner: Mastering a merger

The Practitioner calls for senior staff to step up to the plate: as clandestine merger meetings take place

Leader: KPMG's SME move part of a worrying change to small practice landscape

KPMG's foray into the SME market will likely succeed, but it must convince clients it will ‘care' in the same way a ‘local' practice would

The Practitioner: 'Tis the season to tidy up

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

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David vs Goliath? Small practitioners pick apart KPMG's SME move

Storm erupts after Big Four firm announces it will take on high-street accountants and the mid-tier accountancy firms that focus predominantly on SME market

Colin: Ben Affleck's costume drama

Colin wonders how much Ben Affleck's turn in The Accountant will differ from his previous roles

Taking Stock: Shooting begins on Affleck thriller The Accountant

Affleck is the star in Warner Brothers flick about and a mild-mannered accountant who becomes a high-class assassin by night

Colin: Captain Obvious joins the Lib Dems

Colin wonders what other bleeding obvious policies the Lib Dems will announce in the run-up to the election

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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.