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Industry


Gang of “fake” butchers in £1m VAT fraud

Nine men who pretended to be butchers have been sentenced after they made fraudulent VAT refund claims worth £1m by faking invoices. Read full story


Struggling rugby clubs can’t catch a break

Financially troubled rugby teams may be penalised further as the Rugby Football League (RFL) plans to increase maximum points penalties. Read full story


£5m land banking scam firms wound up

A group of connected land banking ‘investment’ companies have been wound up in the public interest by the High Court for operating a £5m land banking cam in Brazil from a UK base. Read full story


No regrets for Robbie Williams’ fashion business

The men’s fashionwear line founded by pop star Robbie Williams has filed for liquidation. Read full story


Manches saved through pre-pack acquisition

Law firm Manches LLP has undergone a change of fortune following a pre-pack insolvency process and acquisition by Penningtons Solicitors LLP. Read full story


UK SMEs catching up with wider industry

The UK’s small and medium businesses (SMEs) have matched wider industry output levels during Q3 2013, according to new figures from Bibby Financial Services. Read full story


Begbies Traynor acquire Cooper Williamson

Independent business recovery firm Begbies Traynpr Group plc has today (2 October) announced the completion of its acquisition of the trade and assets of Manchester-based rival Cooper Williamson Ltd. Read full story


Ferguson Financial granted ABS licence

Ferguson Financial Limited, a professional services provider for insolvency practitioners, has been granted an Alternative Business Structure (ABS) licence by the Solicitors Regulation Authority (SRA). Read full story


VIEWPOINT: Pensions headaches: one cleared, another on the horizon

Among the biggest challenges an IP faces are pension schemes – and auto-enrolment means more pain is on the way, says Alexander Forbes Trustee Services director Nick Boyes. Read full story


London leads falling insolvency levels

Corporate insolvency levels fell for the 12th month running in August, decreasing from 0.09% in 2012 to 0.08% this year, as London posted the first drop in insolvency levels since March 2013. Read full story


VIEWPOINT: Insolvency insurances: common mistakes to avoid

Nick Towns, Eddisons, examines the key issues for IPs to consider when approaching insolvency insurance. Read full story


VIEWPOINT: Drowning in documents?

Many practitioners are ready to embrace the digital revolution when it comes to their offices. James Boyle of Visionblue Solutions (formerly known as Insolv) looks at paperless solutions. Read full story


VIEWPOINT: The value of independence

Independent insurance brokers may be misunderstood, but they can offer a unique perspective, says Mark Jackson of BLG. Read full story


Third of retailers in rent day risk

Almost one third of UK retailers are at risk of insolvency within the next 12 months ahead of the October Rent Quarter Day, according to research from trade body R3. Read full story


SMEs suffer from insolvent clients

Over three quarters of UK SMEs are losing money as customers go insolvent, according to new figures from Experian. Read full story


18 stores shut up shop daily

18 high street stores closed each day in the first half of 2013, with women’s clothing, video and photography stores most affected, according to new data from PwC. Read full story


Growth firms claim funding “easy” to find

UK growth companies expect it to be “easy” to obtain growth finance over the next 12 months, according to new research. Read full story


Phoenix company enforcement doubles

The level of enforcement activity against directors of phoenix companies has doubled over the last year, according to law firm RPC. Read full story


£70bn cost of the ‘walking dead’

The UK has seen a 108% rise in ‘zombie’ companies over the last five years, with these companies now representing some £70bn in negative equity, according to new research completed by Company Watch. Read full story


Burford Capital income up 41%

Investment capital provider Burford Capital Limited has announced a 41% rise in total income for the half year ended 30 June 2013. Read full story