has said there is still ‘significant growth’ in the IVA market, after
posting strong interims.
Despite a number of IVA factories issuing profit warnings in recent weeks
(resulting from fears that the number of IVAs filed is reducing), Accuma chief
executive Charles Howson said the sector would experience
The group’s review stated that it believed there had been ‘short-term
pressure’ on the IVA sector.
Despite the positive sentiment towards the IVA market, the group is now less
reliant on IVAs. The group’s figures have remained solid due to spreading its
portfolio of products through acquisitions, moving into informal debt
management, re-mortgaging and loans.
Turnover for the six months ended 31 January were £10.6m, compared with £4.1m
a year earlier. Profit before tax and amortisation was £1.6m.
Three new partners and seven business restructuring advisers have been appointed to the new Preston office
Political and economic uncertainty behind the fall in confidence
Just Racing Services, operating company of the Manor Racing Formula One team has entered administration
Last year 16 oil and gas companies became insolvent, finds Top Ten firm Moore Stephens