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Industry


Taken off the shelf: Magazine publishers closed for misleading advertisers

Two companies that produced a motorbike magazine for the Federation of British Police Motor Clubs (FBPMC) – have been wound up in the high court for misleading advertisers. Read full story


Revealed: The finalists of the 2015 I&R Awards

Insolvencynews can today reveal the full shortlist for the 2015 I&R Awards, sponsored by Capa, as the scheme returns for its eighth year. Read full story


Serious Fraud Office faces 34% budget cut

The Serious Fraud Office (SFO) faces a 34 per cent budget cut during the next financial year, despite getting more defendants convicted and opening 16 new investigations. Read full story


FCA’s dawn raids fall 60% in a year

The number of dawn raids undertaken by the Financial Conduct Authority has fallen 60 per cent to its lowest level since the start of the financial crisis, according to a new study. Read full story


Begbies Traynor posts £700,000 loss, as corporate insolvencies fall 14%

Begbies Traynor has posted a pre-tax loss of £700,000 for the 12 months to April 30 2015 – a period in which corporate insolvencies have fallen sharply. Read full story


SUMMER BUDGET: HMRC gets a weapons upgrade

The Summer Budget has confirmed plans to give HMRC powerful new tools to recover unpaid tax –including direct recovery from personal accounts. Read full story


I&R Awards judges share their tips on entries

I&R Awards judges from the UK’s largest insolvency firms and recognised professional bodies (RPBs) have shared tips with readers on how to write winning entries. Read full story


Corporate insolvencies at lowest level since 2007

Company insolvencies in England and Wales have fallen to the lowest number since the end of 2007, according to the Insolvency Service. Read full story


R3 names new president

Insolvency trade body R3 has announced Phillip Sykes, head of Baker Tilly’s London restructuring practice, as its new president. Read full story


Scottish insolvencies drop to lowest for a decade

The number of Scots going bust has dropped in the past year to its lowest level in 10 years, according to the Accountant in Bankruptcy (AiB). Read full story


Begbies Traynor acquires Broadbents

Insolvency and restructuring firm Begbies Traynor has acquired the trade and assets of Broadbents Business Recovery Services, a Yorkshire-based insolvency practice. Read full story


Court fees rise up to 600%

Civil court fees for money claims over £10,000 have risen to five per cent of the value of the claim. Read full story


AlixPartners completes Zolfo Cooper acquisition

Advisory specialist AlixPartners has completed the acquisition of insolvency and accountancy firm Zolfo Cooper, in a deal thought to be worth up to £65m. Read full story


Trustees in bankruptcy can ‘Facebook’ no-shows

Insolvency practitioners can now notify bankrupts of orders made against them by simply posting on their Facebook page, when debtors ignore proceedings. Read full story


MAS to implement peer review system

The Money Advice Service (MAS) is to roll out a peer review scheme to assess the performance of debt advisors in organisations across the UK, and make suggestions for their development. Read full story


Retail administrations drop 35% in 2014

The retail sector received a welcome boost as the number of administrations in the industry dropped by 35% in 2014 year-on-year. Read full story


Insolvency Service appoints Albon as chief executive

Sarah Albon has been appointed as the new chief executive of the Insolvency Service. Read full story


‘Shadow insolvencies’ could cost £200m

‘Shadow insolvencies’ could have cost HMRC and creditors up to £200m in the last year, according to accountancy firm Moore Stephens. Read full story


Scottish bankruptcies hit six year low

The number of Scottish bankruptcies fell to its lowest level since April 2008 in the third quarter of 2014. Read full story


KSA Group expands in Midlands and North West

Turnaround and insolvency firm KSA Group has continued its expansion with new offices in Manchester and Birmingham. Read full story