News

It’s that week again – and it seems to come around quicker every year. Shoe shops are managing queues of parents choosing sensible options for kids ahead of a new term and, for families with youngsters, the school holidays are beginning to seem a distant memory. The...

Even companies advising distressed businesses can end up being closed down. It raises questions about where struggling enterprises should seek help for the best possible outcome that will avoid piling on even more woe. Provisional liquidators have been appointed to...

The number of hospitality businesses entering insolvency rose in the first half of 2024 during a difficult period for the industry. Some 1,801 accommodation and food service companies, including hotels, restaurants and pubs, closed in the six months to June 2024, up...

The arrest of glamour model Katie Price for failing to attend a court hearing relating to her second bankruptcy should be a wake up call for those who don’t cooperate in personal insolvency proceedings, whether they are previously High Net Worth individuals or not....

The UK’s holiday-let landlords are usually rubbing their hands with glee at this time of year. The sharp rise in ‘staycations’ that began soon after the Covid pandemic was sustained by the cost of living crisis as inflation soared. This summer, however, landlords are...

Not far from the Buchler Phillips office in London’s Mayfair lies Grafton Street. Number 20 is an elegant, though perhaps unremarkable building offering 17,000 sq. ft of office and retail space. Yet its £100m sale in April was one of the highest ever capital values...

It suits each and every incoming government to claim that their economic inheritance is worse than anticipated in order that it can blame its predecessors for any early tough decisions it is forced to make. So the new Chancellor of the Exchequer, Rachel Reeves, in her...

The day of reckoning looms for The Walking Dead. As far back as three years ago we highlighted the huge rise in ‘zombie companies’, businesses that had been artificially propped up by Covid loans and relatively low interest rates on their core borrowings. Many of...

The expression ‘slippery as an eel’ comes to mind when considering the directors of a company closed down this month for abusing the Covid loan scheme. Lincolnshire based The Eel Screen Company, an eel protection business, provided false turnover figures in 2020 to...

As the new government gets to work prioritising the country's many demands, it is clearly too early to discuss how the world of business - and specifically insolvency, restructuring and turnaround - will be affected by eventual changes in policy direction. At pains...

Insurers say cyber cover rates are falling but SMEs are still slow to recognise the value of protection against digital crime. You might think “they would say that, wouldn’t they”, when competition and new providers in a growing area have driven down prices for both...

While the majority of business expenses leave a company’s bank account at fixed days throughout the month, the same cannot be said for income received. Debtors appear to be deciding to make payment for goods sold or services supplied when it is convenient for them....