News
Hiring squeeze squashes agencies
Recruiters are in trouble. Having expanded rapidly to around 30,000 agencies in recent years, and survived Covid, a dramatic fall in job vacancies is forcing record numbers of company failures in the sector. A new analysis by CityAM of agency insolvencies in the last...
Sanctions convictions follow business breaches
Earlier this month, two individuals were sentenced for breaches of Russian linked financial sanctions for the first time ever in the UK. Both Russian nationals, they were found guilty of eight counts of breaching financial sanctions and two counts of money laundering,...
Directors’ bans still led by Covid loan abuse
The Insolvency Service disqualified more than 1,000 directors in 2024-25, according to its latest report on enforcement outcomes. Of the 1,036 sanctioned, 736 were banned for Covid loan abuse. The average length of a ban was eight years, on a scale of two to 13 years....
Tried and Tested: Recipes You’ll Love – Flaounes for Easter
Every four years or so, something quite special happens in the Christian calendar: the Catholic and Orthodox Easters fall on the same Sunday. 2025 is one such year - and for Greek Cypriots like Katerina Mina, our marketing director at Buchler Phillips, it means the...
Bronzewood Capital backs acquisition of Fairline Yachts
Bronzewood Capital, the private equity investor focused on UK mid-market turnaround situations with asset backing, is pleased to announce its first transaction, one month after launch. The firm is backing Fairline Holdco Limited in acquiring the business and assets of...
Dundee’s near-death rocks stricken universities
The cash crisis pushing Dundee University to the brink of collapse is a familiar tale of woe in UK Higher Education these days. An ‘expert taskforce’ and £22m of Scottish government support may have hauled Dundee back from the edge, but other institutions won’t be so...
SEND tipping teetering councils over the edge
This week, after the customary two months of respite, the first of ten Council Tax instalments will once again be debited from household bank accounts. For most, they will have risen sharply, as the financial crisis that has left many local authorities close to bust...
Letter from London: Spring Statement
Time will tell whether this week’s spring statement enables Chancellor of the Exchequer, Rachel Reeves, successfully to reset the UK government’s economic strategy. Few commentators predicted the torrid baptism of fire that has beset the Labour administration after it...
Staff cost hikes set to demolish builders
Construction companies continue to top the insolvency tables month-on-month, but a new report by sector experts predicts a new spike prompted by imminent hikes in National Insurance (NI) and minimum wage costs. Turner & Townsend’s (T&T) UK Market...
March 2025 Newsletter: SME funding review must recognise payments crisis
Another government review aimed at helping stricken Small & Medium Enterprises (SMEs). This time, the Department for Business and Trade has spotted a debt crisis for smaller firms and is calling for them to share their experiences of accessing finance in the UK as...
Tried and Tested: Recipes You’ll Love – Boiled Ham with Cabbage and Parsley Sauce
A Taste of St Patrick’s Day St Patrick’s Day is just around the corner, and what better way to celebrate than with a hearty, traditional Irish meal? This month’s surprise recipe comes from our Restructuring Manager, James Bryan, who has Irish roots and has fond...
Opera, Football and Financial Restructuring with David Buchler
Few individuals have careers spanning the worlds of business, sport and music. Even fewer have travelled a journey as exciting and varied as that of our chairman, David Buchler. Those of us who know David well and have worked with him over much of that journey often...
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