Calm before the insolvency storm

by Katerina | Feb 15, 2023 | News

Don’t be fooled by the relatively low headline figure for company insolvency figures in January. At 1,671 the number for England and Wales was 7% up on January 2022 and 11% higher than the pre-pandemic period in 2020. It doesn’t sound too terrible, given the economic...

Paperchase’s pre-Valentine’s Day Massacre won’t be the last blood on the High Street

by Katerina | Feb 8, 2023 | News

Those planning to buy a greetings card to give a loved one on February 14 may have fewer options following last week’s fall into administration of high street stationery chain Paperchase. Failure to find a buyer for the troubled business has seen supermarket giant...

January 2023 Newsletter: Power price surge spells outage for more firms

by Katerina | Jan 23, 2023 | News

The ticking timebomb of energy price related insolvencies has almost certainly been brought forward by the government’s decision to withdraw energy bill support. The existing scheme for businesses will be cut dramatically from April, piling on the woe for UK...

You can’t have your cake and eat it

by Katerina | Jan 16, 2023 | News

Consumers were paying almost 30% more for a loaf of bread at the end of 2022 than they had been at the beginning of the year. The price, however, doesn’t even begin to reflect the soaring costs faced by bakeries, a sector heading for a wave of insolvencies. As an...

Expect more blood on the High Street as stores closures mount

by Katerina | Jan 6, 2023 | News

Napoleon would struggle to call England a nation of shopkeepers these days, if the relentless woe in the retail sector is an indication of things to come. The Centre for Retail Research isn’t hopeful. It expects up to another 18,000 UK shops to close this year –...

Season’s Greetings from Buchler Phillips

by Katerina | Dec 19, 2022 | News

Merry Christmas and a very happy and prosperous New Year from all of us at Buchler Phillips! There is no better time than the Festive Season to express our appreciation and gratitude for your business and friendship. Thank you for choosing to work with us. This year...