Matthew Padian, partner and Lucy Trott, senior knowledge lawyer at Stevens & Bolton interpret the latest corporate insolvency figures against the backdrop of a difficult winter ahead

Where a company or corporate group operates in multiple jurisdictions, any restructuring will need to be planned carefully in order to be both successful and cost effective, explain Christopher Boardman QC of Radcliffe Chambers and Alexandra Wood of Mayer Brown 

Lanarkshire based accountants, Andrew Wilkie, has gone into liquidation following cash flow problems at the practice leaving clients looking for alternatives

The owner of Madame Tussauds has received a winding up petition from Experian as the operator seeks to bounce back from pandemic lockdowns

Failing to act in the interests of creditors once it is clear that a business is failing can have serious legal and financial consequences for company directors, warns Rachel Lai, insolvency practitioner at Menzies LLP

The level of financial distress in companies jumped by 37% in the last quarter compared to the same period last year

The number of company insolvencies has soared in the last year, with 5,629 companies going under, primarily entering creditors’ voluntary liquidations (CVL)

Begbies Traynor has advised on the first SME restructuring to use a ‘cram down’ of dissenting creditors in a turnaround which has saved more than 300 jobs

Corporate insolvency numbers in Scotland increased by 49.1% from the same time last year with 243 insolvencies in the last quarter

The number of restaurant insolvencies has shot up by 64% from 856 in 2020/21 to 1,406 in the past year as rising inflation and labour shortages drive restaurants out of business 

Restructuring specialists Begbies Traynor has reported strong performance with results ahead of expectations as revenue hits £110m

PwC has been appointed as liquidators to the developer of the Royal Albert Docks site in East London, as the business collapses