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Industry


National children’s charity enters administration

National charity 4Children has entered into administration and appointed three Smith & Williamson employees as joint administrators. Read full story


PwC fined £2.3m over sub-prime lender audit

PwC has been fined £2.3m by the Financial Reporting Council (FRC) over its auditing of sub-prime lender Cattles’ biggest division, Welcome Financial Services, in 2007. Read full story


Number of insolvent nurseries more than doubles

The number of nurseries falling into insolvency is up 80 percent from last year. Read full story


RBS could face £1bn legal claim over GRG division

A £1bn claim against the Royal Bank of Scotland (RBS) is to be launched by more than 100 small businesses. Read full story


SMEs wrote off nearly £6bn of debt last year

Small and medium sized businesses (SME) across Britain wrote off a combined total of £5.8bn of debt in the last financial year, according to research. Read full story


London’s debt costing the city £1.4bn a year

London is the debt capital of Britain, with more than a half a million of the city’s residents over-indebted, a report claims. Read full story


Business directors banned for fictitious invoices

The Insolvency Service has banned a pair of family business directors, after they raised false invoices and ended up owing the bank nearly £400,00. Read full story


Father and son directors banned for eight years

A father and son have been banned for acting as directors for a combined total of more than eight years, for trading while insolvent at their London-based business. Read full story


Moore Stephens appoint new partner

Accountancy firm Moore Stephens, has announced Lee Causer as partner working in its restructuring and insolvency team. Read full story


Debt collection agency directors banned for 22 years

Two men who ran a debt collection agency have been disqualified from acting as directors. Read full story


Shortlist revealed for TRI Awards 2016

Insolvencynews.com can today reveal the full shortlist for the 2016 Turnaround, Restructuring and Insolvency (TRI) Awards, sponsored by Capa, as the rebranded scheme returns for its ninth year. Read full story


Creditors face fee rises when petitioning for individuals' bankruptcies

The Insolvency Service is to introduce fee rises for creditors during personal and corporate insolvencies – as well as a new general fee that applies in all cases. Read full story


Brexit: How creditors may be affected in corporate insolvencies

After Brexit, creditors may be impacted when assets of insolvent companies are sought for recovery in Europe. Read full story


Brexit: UK GDP could be slashed "one to three percent," plus more reaction

The UK’s gross domestic product (GDP) – a key indicator of economic growth – could be cut by up to three percent in the next two years due to Brexit, according to a credit risk specialist. Read full story


Brexit: The UK's financial institutions react

As the UK’s constitution starts to map out the formative steps after the EU referendum result, the UK’s financial institutions and trade bodies have reacted. Read full story


Proposed 90-day moratorium for failed firms may hit creditors

The move to a model similar to the USA’s chapter 11 process for UK businesses heading towards insolvency could have serious consequences for creditors, a trade body has warned. Read full story


Farewell, I&R Awards...

Insolvency News has relaunched its flagship event for the insolvency sector, in time for its ninth anniversary outing this year.

The event, to be held on 18th October at the Hilton, Park Lane, will now take place under the banner of… Read full story


Revealed: The Credit Award winners 2016

The full list of winners of the Credit Awards 2016 has now been revealed, after a glittering ceremony at the Grosvenor House hotel in Mayfair. Read full story


TRI Awards launched for 2016

Insolvencynews.com has today launched the categories and criteria for the Turnaround, Restructuring and Insolvency (TRI) Awards – the first step in a major rebrand for the scheme. Read full story


GLE Group sells invoice finance provider

IGF Invoice Finance has been sold to a group of commercial lending professionals backed by Spring Ventures, a private equity investor specialising in management buy-outs of UK companies. Read full story