NCP’s lessons for landlords and tenants

NCP’s lessons for landlords and tenants

The recent administration of National Car Parks (NCP) provides a stark reminder of how lease structures can move from a background consideration to the central cause of distress. Once seen as a resilient, cash-generative model, the 95-year-old NCP, which grew taking...
Cautious manufacturers stay in the game

Cautious manufacturers stay in the game

More than a century has passed since the UK was known as ‘the workshop of the world’. Manufacturing’s share of the economy is at best 10% today, half of what it was in 1990, as the nation relies on strength in services. Yet pockets of resilience remain among...
Recruiters risk closer scrutiny of ‘phoenix’ deals

Recruiters risk closer scrutiny of ‘phoenix’ deals

What is it about the recruitment sector that allows a business to fail and return in a new guise over and over again? The latest to hit the headlines has effectively emerged from insolvency for the third time in four years, leaving millions of pounds in unpaid...