Insolvency

A $50 mil Fraud, Picasso and London-based Beaufort Securities Collapse

A $50 mil Fraud, Picasso and London-based Beaufort Securities Collapse

It sounds like something out of a Hollywood gangster film - a $50 million fraud, an attempt to launder the…
UK Government Consults on Insolvency Protections for Suppliers

UK Government Consults on Insolvency Protections for Suppliers

Contractors and SME suppliers in the UK could finally be in line for legal protection from losses in the event…
Toys R Us to Seek CVA with UK Store Closures Announced

Toys R Us to Seek CVA with UK Store Closures Announced

Fears over the future of embattled toy retailer Toys R Us continue to mount after its UK business announced it…
Palmer & Harvey in administration after debt burden bites

Palmer & Harvey in administration after debt burden bites

Wholesaler Palmer & Harvey has entered administration after failing to restructure significant debts owed to suppliers. The Palmer & Harvey Group,…
Shocking losses underlines need for an independent retention service

Shocking losses underlines need for an independent retention service

New figures have revealed that UK construction contractors have been hit by £700 million in cash retention losses caused by…
Monarch and Toys R Us Prove No Brand Is Too Big to Fail

Monarch and Toys R Us Prove No Brand Is Too Big to Fail

It is every supplier’s worst nightmare. You have finally secured a lucrative contract with a big name global brand, giving…
Company Administration: What It Means If You’re Owed Money

Company Administration: What It Means If You’re Owed Money

What is company administration, and what does it mean if a client in administration owes you money?
Lancaster Castle restoration “on hold” as contractor goes in to administration

Lancaster Castle restoration “on hold” as contractor goes in to administration

Work has stopped on the restoration of Lancaster Castle after the company working on it was placed into administration. York…
London based start-up Crowdmix Ltd Shuts Down

London based start-up Crowdmix Ltd Shuts Down

London based start-up Crowdmix Ltd was in the process of developing a social media music platform. But before it could…
‘Shock’ as one of Lancashire’s oldest agricultural firms enters administration

‘Shock’ as one of Lancashire’s oldest agricultural firms enters administration

News that one of the oldest agricultural firms in Lancashire has entered administration has been met with shock and dismay.…

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