BDO is to investigate whether funds from E-Clear the stricken card payment
processing group, were dirverted into other businesses.
Debt to creditors at E-Clear stands at around £100m, according to the
Daily Telegraph, but only
£100,000 was available in company accounts when administrators took over.
of Globespan, the collapsed budget airline, calculates E-Clear may have held
on to £35m in payments. Other cleints of E-Clear include Bridge Group
International and Totally Travel.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies