Directors ‘leaving it far too late’ as UK insolvencies surge
Business

Directors ‘leaving it far too late’ as UK insolvencies surge

1y Sam Alberti

Directors ‘leaving it far too late’ as UK insolven...

A range of economic and political factors have compounded the issue, experts say Read More...

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The law of unintended consequences: How a simple change threatens business rescue in the UK
Insolvency

The law of unintended consequences: How a simple change threatens business ...

2y Stewart Perry

The law of unintended consequences: How a simple c...

Insolvency figures released in January show the reintroduction of Crown Preference is wreaking serious damage on company rescues Read More...

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Pandemic forces retailers to use CVAs, landlords cry foul
Business

Pandemic forces retailers to use CVAs, landlords cry foul

3y Jeremy Chan

Pandemic forces retailers to use CVAs, landlords c...

Successive lockdowns have hammered retailers, with some turning to CVAs when landlords refuse to budge Read More...

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HMRC’s crown preference scares away rescue finance lenders
Business Recovery

HMRC’s crown preference scares away rescue finance lenders

4y Jeremy Chan

HMRC’s crown preference scares away rescue finance...

Companies will have more trouble raising funds with floating charges as HMRC’s preferential status puts off lenders Read More...

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Do retail CVAs give national retailers an unfair advantage?
Business Recovery

Do retail CVAs give national retailers an unfair advantage?

4y Chris Laughton

Do retail CVAs give national retailers an unfair a...

Chris Laughton, Corporate Advisory Partner, Mercer & Hole, argues that CVAs could be giving national retailers an unfair advantage over SMEs – but cou...

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Retail restructuring - understanding the options
Business Recovery

Retail restructuring - understanding the options

5y Suzanne Brooker

Retail restructuring - understanding the options

Suzanne Brooker, partner at BDB Pitmans, on what the future holds for the retail sector as Debenhams announces store closures Read More...

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Business rates and the restaurant sector
Business

Business rates and the restaurant sector

5y Emanuela Hawker , Reporter

Business rates and the restaurant sector

Duff & Phelps and Colliers International have both released separate reports looking into how businesses could be impacted in 2019 Read More...

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Potential problems that could be caused by Brexit
Brexit & Economy

Potential problems that could be caused by Brexit

5y Emanuela Hawker , Reporter

Potential problems that could be caused by Brexit

Crowe UK and MHA MacIntyre Hudson have highlighted potential problem areas should the UK leave the EU without a deal Read More...

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AlixPartners advises Store Twenty One on CVA deal with creditors
Accounting Firms

AlixPartners advises Store Twenty One on CVA deal with creditors

8y Richard Crump , Writer

AlixPartners advises Store Twenty One on CVA deal ...

Peter Saville, Ryan Grant and Anne O’Keefe of AlixPartners will now become the supervisors of the CVA and monitor the implementation of the proposal R...

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BIS launches insolvency consultation
Business Recovery

BIS launches insolvency consultation

8y Chris Warmoll , Writer

BIS launches insolvency consultation

The proposed moratorium would last for three months, with the possibility of an extension, if needed Read More...

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Company insolvencies rise, but wider trend is down
More News

Company insolvencies rise, but wider trend is down

8y Chris Warmoll , Writer

Company insolvencies rise, but wider trend is down

The 5.4% rise is the first uptick since Q1 2014, primarily caused by a big surge in compulsory winding-up orders in Q1 2016 Read More...

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KPMG appointed as CVA ‘supervisor' to historic department store
Business Recovery

KPMG appointed as CVA ‘supervisor' to historic department store

8y Chris Warmoll , Writer

KPMG appointed as CVA ‘supervisor' to historic de...

A meeting of creditors will be held on 24 March in a bid to approve the proposals Read More...

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BHS landlords query long-term future of distressed retailer
Business Recovery

BHS landlords query long-term future of distressed retailer

8y Chris Warmoll , Writer

BHS landlords query long-term future of distressed...

Creditors are set to vote on the company voluntary arrangement (CVA) on 23 March 2016 Read More...

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KPMG prepares CVA for beleagured BHS empire
Business Recovery

KPMG prepares CVA for beleagured BHS empire

8y Chris Warmoll , Writer

KPMG prepares CVA for beleagured BHS empire

CVA proposes to divides BHS's 164 stores into three main categories, based on commercial viability and strategic importance of each site Read More...

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KPMG brought in as struggling BHS looks to cut costs
Business Recovery

KPMG brought in as struggling BHS looks to cut costs

8y Chris Warmoll , Writer

KPMG brought in as struggling BHS looks to cut cos...

The company's owners - Retail Acquisitions - are believed to be looking at closing up to 50 of its 170 shops. Read More...

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CBW appointed liquidator to Hampshire windows manufacturer
Accounting Firms

CBW appointed liquidator to Hampshire windows manufacturer

9y Richard Crump , Writer

CBW appointed liquidator to Hampshire windows manu...

Carter Backer Winter partner John Dickinson appointed joint liquidator of Dorwin Limited Read More...

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FRP Advisory agrees Marussia CVA with creditors
Business Recovery

FRP Advisory agrees Marussia CVA with creditors

9y Richard Crump , Writer

FRP Advisory agrees Marussia CVA with creditors

Marussia closer to returning to F1 after joint administrators from FRP Advisory agree CVA with creditors Read More...

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Zolfo Cooper secures Walkabout owners' CVA deal
Business Recovery

Zolfo Cooper secures Walkabout owners' CVA deal

9y Richard Crump , Writer

Zolfo Cooper secures Walkabout owners' CVA deal

Approval of CVA cuts Intertain's debt by £16m Read More...

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Deloitte to oversee rescue deal at Austin Reed
Accounting Firms

Deloitte to oversee rescue deal at Austin Reed

9y Richard Crump , Writer

Deloitte to oversee rescue deal at Austin Reed

Partners from Deloitte to negotiate CVAs with Austin Reed Group creditors Read More...

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Duff & Phelps restructures £206m London property portfolio
Business Recovery

Duff & Phelps restructures £206m London property portfolio

9y Richard Crump , Writer

Duff & Phelps restructures £206m London property p...

Duff & Phelps completes administrations and company voluntary arrangements of five property owning companies Read More...

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Deloitte to negotiate Mamas & Papas CVA deal
Accounting Firms

Deloitte to negotiate Mamas & Papas CVA deal

10y Richard Crump , Writer

Deloitte to negotiate Mamas & Papas CVA deal

Struggling upmarket nursery chain appoints Deloitte to strike CVA with its landlords Read More...

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Zolfo advisers secure Bella Italia/Café Rouge CVA
Business Recovery

Zolfo advisers secure Bella Italia/Café Rouge CVA

10y Kevin Reed , Writer

Zolfo advisers secure Bella Italia/Café Rouge CVA

Zolfo Cooper team's delight as landlords agree to restaurant chain CVA Read More...

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Deloitte CVA proposal approved at LA Fitness
Business Recovery

Deloitte CVA proposal approved at LA Fitness

10y Idris Nagri

Deloitte CVA proposal approved at LA Fitness

Rescue deal to reduce rent obligations and debt at gym chain LA Fitness receive creditor approval Read More...

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Deloitte propose rent reductions in LA Fitness CVA
Business Recovery

Deloitte propose rent reductions in LA Fitness CVA

10y Idris Nagri

Deloitte propose rent reductions in LA Fitness CVA

Neville Kahn and Matt Smith to sell 33 clubs and restructure finances to rescue LA Fitness and LA Leisure Read More...

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BDO administrators sell Dunfermline FC to supporters
Business Recovery

BDO administrators sell Dunfermline FC to supporters

11y Idris Nagri

BDO administrators sell Dunfermline FC to supporte...

BDO and KPMG administrators sell club and stadium to supporters trust Pars United Read More...

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No insolvency boom? Thank the ten-year-old Enterprise Act
Business Recovery

No insolvency boom? Thank the ten-year-old Enterprise Act

11y Idris Nagri

No insolvency boom? Thank the ten-year-old Enterpr...

It's the Enterprise Act's 10th birthday and what a decade it has had, writes insolvency practitioner and R3 president Lee Manning Read More...

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KPMG administrators to arrange pre-pack sale of JJB
Business Recovery

KPMG administrators to arrange pre-pack sale of JJB

12y Idris Nagri

KPMG administrators to arrange pre-pack sale of JJ...

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

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