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Industry


I&R Awards 2011: The pictures

We’ve compiled a round-up of the faces from Wednesday’s Insolvency & Rescue Awards. Even more pictures will appear in the forthcoming edition of Insolvency Today.

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Insolvency & Rescue Awards: All the winners

Practitioners, lawyers, bankers and debt managers were among the insolvency elite that made up the 550 people in attendance at last night’s Insolvency & Rescue Awards.

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IT CONFERENCE 2011: R3 backs appeals committee

Frances Coulson has said trade body R3 supports calls for an independent appeals committee but stressed it should sit above existing recognised professional bodies (RPBs).

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IT CONFERENCE 2011: Personal insolvency market set to shrink

Further consolidation is predicted in the personal insolvency market as tensions build between providers, regulators and creditors around debt management schemes.

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IT CONFERENCE 2011: Ministerial warning on fees & consistency

A senior government minister has warned members of the insolvency profession to show a more consistent approach to fees and complaint handling or risk significant changes to the regulatory structure.

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E&Y revenues hit £14.7bn

Ernst & Young today declared annual revenues of £14.7 billion for the 12 months to June 2011, up almost 8 per cent from the £13.8 billion during the same period last year.

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KPMG denies bungling investment case

KPMG has been forced to issue a public denial that it bungled a potential funding offer to an investment company in administration, leaving 23,000 UK investors out of pocket.

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Awards deadline approaches

Insolvency practitioners, law firms, venture capitalists and regulators have just over 24 hours remaining to book a place at this year’s Insolvency & Rescue Awards.

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Q3 company insolvencies up 9%

Corporate insolvencies for the third quarter of 2011 have rocketed 9 per cent on the same three months last year, with 3,601 entering insolvency during the period.

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Insolvency ad campaign banned by regulator

A Cheshire-based lead generator and insolvency brand has been slapped with enforcement action from the Advertising Standards Authority (ASA) after a recent campaign.

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Begbies Traynor ponders uplift from cost savings

Corporate rescue group Begbies Traynor has confirmed business levels in its global risk partners (GRP) division were lower in the three months to the end of July, compared to the same period last year.

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10% of retailers expect to enter administration this year

One in ten retailers believe they will enter administration over the coming 12 months, according to the latest statistics from an industry trade body.

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Sony's retail brand seeks rescue plan

The Sony Centre – the electrical retailer run by Sonex Communications – has appointed BDO as administrators to consider possible rescue proposals.

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Trade body attacks bank raid plans

A European Commission order which will allow any EU court to freeze assets in UK businesses’ bank accounts has been labelled as ‘a severe blow’ by an industry trade association.

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Kesa mulls Comet sale without pension problem

Kesa Electricals – the parent organisation of embattled electrical retailer Comet – is reportedly seeking to retain the Comet Pension fund to smooth the sale of its subsidiary business.

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Fatboy Slim's label seeks to dodge winding up order

Southern Fried Records – the record label majority owned by Fatboy Slim – says it is confident it will settle outstanding tax debts with HMRC today ahead of a court appearance on Monday.

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HMRC pursues Truro City for 'unpaid' taxes

A serial entrepreneur widely tipped to takeover Plymouth Argyle FC has been told Truro City – the football club where he is currently chairman – is facing a winding up order.

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Insolvency Service proposes office closures

Hundreds of employees at the Insolvency Service have been told several UK offices have been earmarked for closure over the coming 18 months.

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Tour operator insolvencies predicted after ATOL deadline

Analysts monitoring tour operators and charter airlines are predicting a flurry of failures as the 1 October deadline for Air Travel Organisers’ Licences (ATOL) renewals passes.

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Charities teeter on the brink amid cuts

Around 46 per cent of charitable and not-for-profit organisations have slashed activities to stay afloat after the recent public sector spending cuts, a new poll reveals.

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