News

The number of hospitality businesses entering insolvency remained alarming in the first quarter of the year, reflecting challenging trading conditions for the industry. Some 762 accommodation and food service companies, including hotels, restaurants and pubs, closed...

It is with great sadness that we mark the passing of Peter Phillips, co-founder of Buchler Phillips and one of the defining figures of the insolvency profession during its modern era. Peter co-founded Buchler Phillips in 1988 alongside David Buchler, establishing what...

There is a perennial tendency amongst participants and followers of the British political scene to find comparisons with US politics; few should be surprised that last Thursday’s much anticipated set of UK local elections were widely likened to the US mid-terms. This...

When Kaboodle couldn’t stand the heat it got out of the kitchen business. Unpaid debts, market challenges and tightening liquidity reflected pressures presently faced by many UK SMEs, but opting for a Creditors’ Voluntary Liquidation (CVL) has given the supply and...

Buchler Phillips is delighted to announce the appointment of Rebecca Lloyd as an Analyst in the Corporate Recovery, Restructuring and Turnaround Team. Rebecca joins from advisory firm Cork Gully. She began her career at London based insolvency and business recovery...

The final shuttering of Claire’s UK store estate this week was not a sudden collapse; it was the long-trailed end of a brand that had, quietly but decisively, drifted from relevance. After entering administration (again) in January, the chain has now closed all 154...

As we find ourselves preparing for the upcoming R3 Association of Business Recovery Professionals Annual Conference in Budapest next week, our kitchens at Buchler Phillips have - quite fittingly - taken a Hungarian turn! This month’s surprise recipe comes from Jo...

More money is sitting in British bank accounts than at any point in history. Household deposits crossed £2 trillion in 2024 and have continued to rise. Savings ratios are at their highest since 2015, excluding the pandemic spike. By almost every measure, the British...

UK SMEs are battling a sharp rise in bad debts at a time when wider business confidence remains fragile. Cost pressures, particularly labour, weigh heavily on the outlook and two new surveys point to an increasingly cautious environment with cashflow risk spreading...

As recently as the turn of the present century, over half of financial transactions in the UK were made in cash. Today the proliferation of credit cards, mobile banking as well as cryptocurrency and other innovative digital assets has reduced that to fewer than one in...

The blockade in the Strait of Hormuz has grown into a major logistical and fuel crisis for the global supply chain. Closer to home, those in charge of the ‘final stretch’ are facing new pressures, just when things seemed to have stabilised. The UK haulage sector is...

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...