The boss of a Midlands scaffolding firm was given a £50,000 bounce back loan after inflating company turnover, then transferring funds for personal use
The Charity Commission has launched an inquiry into altruism charity, Effective Ventures Foundation, as it received substantial funding from charity arm of collapsed US cryptocurrency exchange FTX
The Financial Reporting Council (FRC) plans to monitor auditors more closely to make sure they are correctly following ESG reporting requirements in company audits, as many firms admit widespread confusion
Regional airline Flybe has gone into administration with the majority of staff losing their jobs, just two years since the company was rescued by private equity investors
The level of mergers and acquisitions (M&A) activity in 2022 slowed down from its record-setting 2021 activity to pre-pandemic levels, with economic headwinds affecting the volume of deals completed
The Insolvency Service is now banning around 35 directors per month for Covid support scheme abuse, almost treble the previous year, although few lead to convictions
With supply chain problems, war in Europe and an increasingly uncertain economic outlook, Devi Shah, partner, and Chris Street, senior associate in Mayer Brown’s restructuring team, explore the options for companies experiencing financial distress
ICAEW’s latest Business Confidence Monitor (BCM) shows that business confidence continues to plummet, following difficult economic conditions and falling customer demand