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Industry


Fugitive director banned for 11 years

A director who duped creditors with false invoices before fleeing the country has been disqualified for 11 years, following an investigation by The Insolvency Service. Read full story


July retail sales growth highest since 2006

Warm weather drove UK retail sales to their highest growth since 2006 as like-for-like sales rose by 2.2% from July 2012, up from a 0.1% increase for the same period last year. Read full story


Debt management firm announces acquisition

Debt management firm Focus Insolvency Group has purchased Focus Debt Management Ltd for an undisclosed sum. Read full story


Corporate liquidations up in Q2 despite quieter insolvency climate

Despite falling rates of overall corporate insolvency, the number of corporate liquidations in England and Wales increased 10.5% during the second quarter of 2013 compared to the previous quarter. Read full story


Sports club insolvencies fall post-Olympics

The number of sports clubs and facilities that have entered formal insolvency procedures has dropped 33% over the last year following the 2012 London Olympics, according to data from trade association R3. Read full story


Director disqualified for 11 years

A prize-winning director has been disqualified from acting as a company director for 11 years, following an investigation by The Insolvency Service. Read full story


Avoidance scheme to shield bonuses from the taxman defeated

A £22m tax avoidance scheme, designed so that directors could avoid paying PAYE and National Insurance contributions (NICs) on bonuses, has been closed. Read full story


Administrations fall in Q2

The number of administrations in England and Wales fell by 6% during the second quarter of 2013, according to figures from restructuring firm FRP Advisory. Read full story


Barclays to issue £5.8bn in new shares

Barclays is to issue £5.8bn in new shares after revealing it faced a £12.8bn capital shortfall created by new regulatory demands. Read full story


Manolete and Burford in strategic partnership

Insolvency litigation financier Manolete Partners PLC and investment capital provider Burford Capital Limited have announced a new strategic partnership. Read full story


Construction drives 0.6% GDP increase in Q2

The UK economy grew 0.6% during the second quarter of 2013 according the Office for National Statistic’s (ONS) preliminary estimate. Read full story


Baker Tilly discusses RSM Tenon takeover offer

Accountancy and advisory firm RSM Tenon has announced rival firm Baker Tilly has today (25 July) made an unsolicited approach regarding a takeover offer. Read full story


North East corporate insolvency level drops

The North East region has seen a drop in corporate insolvencies, with just 0.08% of all businesses becoming insolvent in June 2013 compared to 0.13% in June 2012. Read full story


VIEWPOINT: Small measures to halt pub and restaurant closures

Licensed premises specialist Luke Cutler at Edward Symmons Hospitality & Leisure explains how to boost business and maximise value in the food and drink sectors. Read full story


Credit union liquidated amid investigations

A credit union has been liquidated amid concerns reported to the authorities which are being investigated. Read full story


HMRC adopts distraint tactics

The number of petitions issued by HM Revenue & Customs (HMRC) to wind up companies and place them in liquidation has decreased 42% over the last year to reach its lowest figure in five years. Read full story


It’s still grim up North

The North East of England continues to struggle with increasing levels of personal insolvencies, according to latest figures from the Insolvency Service. Read full story


Latest Regional Growth Fund pot stands at £506m

The government has announced a funding pot of £506m in its latest round of the Regional Growth Fund (RGF). Read full story


Insolvency & Rescue Awards - 152 finalists revealed!

Insolvency Today is proud to announce the finalists for its sixth Insolvency & Rescue Awards, sponsored by Capa. Read full story


IP regulation transfer proposed

Proposals were put forward yesterday to transfer the regulation of 60 insolvency practitioners (IPs) from the government to independent regulators. Read full story