News

The news that London’s Canary Wharf financial district is losing both global banking giant HSBC and Clifford Chance, one of the world’s largest law firms, is further evidence that changing working patterns are making businesses think twice about their office needs and...

The 11-year Director’s Disqualification for the former CFO of construction giant Carillion, which collapsed in 2018, is an extreme example of the Insolvency Service’s appetite for taking action against errant bosses. On a scale of two years to a maximum 15, the...

Seven years have now passed since the momentous referendum which heralded the UK's departure from the European Union. Time enough, if opinion polls are to be believed, for an intensifying sense of buyers' remorse. Indeed after a series of false dawns - from an...

The fall into administration of major logistics group Tuffnells, citing inflationary pressures and tougher competition, has brought into sharp focus the challenges faced by this critical link in the supply chain. There are several factors beyond the logistics...

Funny how most business costs leave a company’s bank account at fixed days through the month, yet income for goods sold or services supplied seems to land when debtors feel like sending it. Of course, it isn’t funny at all, especially in these times of soaring energy...

The recent fall into administration of a 313,000 sq ft office block in London’s Canary Wharf confirms fears that investors in the capital’s commercial property market may wait longer than expected for recovery. Formerly the London head office of Bear Stearns before...

In an ideal world, perhaps businesses would never need to deal with an Insolvency Practitioner (IP). One common misconception is that IPs simply help to close businesses that go bust or run out of money. This is by no means always the case, since options exist for...

Optimism is generally a good quality when running a business. It fosters positive energy and a can-do approach, without which success is much more difficult. Nonetheless a healthy dose of realism can be a useful balance, not least when assessing the financial health...

A quick summary for those without the time and inclination to pore through this entire briefing - deeply disappointing results for the Conservatives, especially in many of its traditional strongholds in the south and midlands; substantial, telling but inconsistent...

Less than a year ago, at the time of the late Queen’s Platinum Jubilee, we published an article posing the question “Would the Queen make a good CEO?” When this weekend’s coronation is over, her son, King Charles III, will have (symbolically, at least) taken the reins...

As part of the 2023 Restructuring & Insolvency Conference hosted by ICAEW, we at Buchler Phillips look forward to discussing «The case of CargoLogicAir Limited and the impact of sanctions imposed on its Russian owner», on Tuesday 27 June, at 10:15. CargoLogicAir...

Spring may be well underway, but the chill wind is picking up and the sky is darkening for many businesses. Company insolvency figures for March now appear to reflect more fully the economic woes facing the UK and the many cost pressures felt by enterprises of all...