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Industry


Pensions Regulator spills the beans on Polestar

The Pensions Regulator has confirmed the Polestar Pension Scheme was wound up to safeguard its members and the Pension Protection Fund.

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SFO launches super snitch website

Suspected fraud and corruption in the workplace can now be reported confidentially to the Serious Fraud Office (SFO).

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Scottish insolvencies up 33% in Q3

The number of small Scottish businesses being wound up rose by 33%, compared to the same period last year.

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MCR acquired by Duff & Phelps

Turnaround specialists MCR have been bought by financial advisory and investment banking firm Duff & Phelps.

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Retail employment drops 23,000

Retail employment tumbled in September dropping by 23,000, compared to the same month last year.

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Northamptonshire football club enters administration

Non-league football team Rothwell Town has become the latest club to enter administration, with Gary Pettit and Alan Price of Marshman Price appointed joint administrator.

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Garth Crooks kicks off Deloitte Diversity month

England cricketer Ravi Bopara and football pundit Garth Crooks (pictured) were unveiled as guest speakers for Deloitte’s Diversity month.

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Barclays shakes up business support divisions

Barclays has realigned its business support and credit divisions, dividing responsibilities into ‘international’ and ‘UK’ functions.

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Wilson Field expands with West Midlands opening

Business turnaround specialist Wilson Field has continued its UK expansion with the opening of another office in the West Midlands.

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Manufacturer of Hovis, Bisto and Oxo appoints PwC

Premier Foods – the debt-ridden food manufacturer responsible for the Oxo, Bisto and Hovis brands – has hired PricewaterhouseCoopers to assist in refinancing the group.

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Metis appointed by liquidators of tech business

Intellectual property asset valuer Metis Partners has been appointed by the provisional liquidators of Xipower, a Scottish technology business.

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IT Conference 2011: Round-up

Joe McGrath rounds up this year’s inaugural Insolvency Today conference and some of the key issues raised by delegates

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RSM Tenon confirms financial chief

RSM Tenon has confirmed the appointment of a new chief financial officer to replace Russell McBurnie who held the position since March 2008.

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MCR appointed administrator of Davenham Group

Davenham Group – the specialist finance house – has appointed insolvency firm MCR after it entered administration this afternoon.

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P&A Partnership could drop Plymouth case

P&A Partnership – the administrators dealing with Plymouth Argyle Football Club have warned they may resign from office on Monday.

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Insolvencies set to rise as unemployment hits 2.57m

Personal insolvencies are set to rise still further as unemployment hit 2.57m – an increase of 114,000 between June and August 2011 – its highest level in 17 years.

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Corporate administrations rose in Q3

Companies going into administration across England soared to 596 cases in the third quarter of 2011, up 7.8 per cent from the 553 cases witnessed in Q2.

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Retail supplier to UK football clubs to close

A clothing retailer that previously supplied kit for the England and Republic of Ireland football teams is set to be wound up after 14 years of trading.

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OFT takes action against debt management firms

Enforcement officers at the Office of Fair Trading (OFT) have taken action against three businesses today as part of its ongoing action in the debt management sector.

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Firms called to bid for government panel

Insolvency specialists in law firms have three months to bid to join a new panel being drawn up by the Pension Protection Fund (PPF) as it looks to shake up its list of advisers.

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