Insolvency

Insight / Rent-to-own and cash loan chain Brighthouse collapses

Rent-to-own high street chain and cash lender BrightHouse has gone into administration putting 2,400 jobs at risk as attempts to turnaround the business failed following impact of tougher FCA rules as a result of the high cost credit review

Insight / Administration on menu at Carluccio’s

Italian high street restaurant chain Carluccio's has gone into administration, putting some 2,000 jobs at risk

Insight / Pre-insolvency proceedings: tips and advice

In part two of our administration series, Hasib Howlader, director of Hudson Weir, explains key steps to take if insolvency threatens from administration to a company voluntary arrangement 

Insight / Covid-19: insolvency rules relaxed

The government has announced changes to the insolvency regulations during the coronavirus pandemic to enable UK companies undergoing a rescue or restructure process to continue trading, with the aim of giving them breathing space

Insight / Covid-19: IoD calls for insolvency emergency measures

The Institute of Directors (IoD) is calling for emergency insolvency measures to prevent widespread company collapses as the current pandemic takes hold

Insight / PwC called in to Laura Ashley administration

PwC is handling the administration of lifestyle brand Laura Ashley, which has collapsed putting hundreds of jobs at risk, after the outbreak of coronavirus further weakened its financial position

Insight / Travelex owner moves towards insolvency

Finablr, the FTSE 250 listed owner of foreign exchange firm Travelex, is in discussions with an unnamed accounting firm with a view to going into insolvency 

Insight / Laura Ashley teetering on administration

Listed furnishings and interiors retailer Laura Ashley is set to file for administration blaming the escalating covid-19 outbreak as the last straw for the struggling chain

Insight / Specialist property company collapses

Manchester fit-out contractor Styles & Wood, which was forced to resign last year from a contract to refurbish HMRC offices in Liverpool, has gone into administration

Tax / Tax bill sees classic Bristol Cars sputter to a halt

Iconic British motoring brand Bristol Cars has ceased trading after 70 years following a winding up order from HMRC over unpaid tax

Insight / Flybe crashes into administration

EY has been brought in as administrator to regional airline Flybe which has collapsed, just two months after a government rescue plan, with the loss of 2,400 jobs

Insight / No home for UK staff in Hostmaker pre-pack deal

RSM has completed a pre-pack deal selling the overseas operations of property management business Hostmaker to Houst, making 112 UK-based staff redundant

Insight / Going into administration: a step-by-step guide

When a company faces severe cashflow issues, it is not always the end of the road for the business. Hasib Howlader, director at Hudson Weir, explains the pros and cons of administration from cost implications to the role of the insolvency practitioner

Insight / Administration knocks stuffing out of soft furnishings firm

St Helens-based soft furnishings manufacturer Ena Shaw has collapsed with the loss of over 160 jobs

Insight / Company administrations up 5% in 2019

There was an increase of almost 5% in the number of companies falling into administration over 2019, but predictions of the death of high street retailers may be wide of the mark, according to analysis from KPMG
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