This site uses cookies; by continuing to use our site you agree to our use of cookies. More details in our privacy policy. Close

 

 

Industry


“Hard Brexit” would fuel business failures

More than two thirds of insolvency professionals believe a “hard Brexit” would lead to more corporate insolvencies, according to insolvency trade body R3. Read full story


Insurance group fined for losing customers’ bank details

A London-based insurance group has been fined £150,000 by the Information Commissioner’s Office (ICO) after the loss of nearly 60,000 customers’ financial data. Read full story


Call centre supplier boss banned for tax evasion

A director who ran a call centre supplier has been banned for 10 years, following a government agency’s investigation. Read full story


Spurt in oil and gas insolvencies as price slump bites

Oil and gas companies are facing hard times with 16 firms collapsing last year, according to accountancy firm Moore Stephens. Read full story


Experto Credite enters liquidation owing staff more than £500,000

Debt buyer and collector Experto Credite has entered liquidation and records show the company owe employees around £505,000 in wages, redundancy and notice pay. Read full story


Christmas saved for manufacturer on brink of collapse

Administrators have saved 78 jobs at a Black Country-based company run by five generations of a local family. Read full story


Young families found most likely to become insolvent

Personal insolvencies have dropped year-on-year but young parents are suffering most, according to information services group Experian. Read full story


Leonard Curtis expands its legal team

Leonard Curtis Legal has increased the size of its team after experiencing an increased volume of work only four months after launching. Read full story


Shoosmiths expands with acquisition in Northern Ireland

Law firm Shoosmiths has announced its move in to the Northern Ireland market following its merger with Belfast firm McManus Kearney. Read full story


RBS redress costs reach close to £2bn

RBS revealed it spent about £1.8bn in redress costs for the third quarter of this year but maintained an operating pre-tax profit of £255m. Read full story


British firms brush off Brexit vote

Three in four UK businesses have yet to feel any financial impact – positive or negative – from the EU referendum vote, according to new research from R3. Read full story


NatWest finds capital in an alternative partnership

All NatWest’s business and commercial customers will benefit from a new, expanded panel of alternative lenders to which they can be referred if their application for finance is declined by the bank. Read full story


Modernised insolvency rules to launch next year

The Insolvency Service has announced new consolidated rules will replace the current legislation to reflect modern business practice in April 2017. Read full story


Debt recovery firm expands into London

Sheffield-based debt recovery and legal claims firm, CRS Group, has opened a branch in London to better serve larger clients. Read full story


RBS to refund SMEs £400m

The Royal Bank of Scotland estimates it will spend £400m to refund SMEs that were referred to, and claimed to be pushed into administration by, its Global Restructuring Group. Read full story


IVAs drive up personal insolvencies

Personal insolvencies in the third quarter of 2016 jumped nearly 20 percent, year-on-year, according to the Insolvency Service. Read full story


Pensions Advisory Service chair steps down after bankruptcy

The chair of the Pensions Advisory Service, which offers independent advice about private and company pension, has stepped down after being declared bankrupt. Read full story


Corporate insolvencies nudge up after Brexit

An estimated 3,633 companies failed during the third quarter of 2016, in a two percent rise on the three months prior, according to the Insolvency Service. Read full story


Administrations failing in two thirds of cases

Two thirds of businesses going into administration fail, according to research by Opus Restructuring and Company Watch. Read full story


Failure rate of CVAs revealed

More than 100 businesses that entered a company voluntary arrangement (CVA) in the last two years have gone into administration, says accountancy firm Moore Stephens. Read full story