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Industry


Prison sentence for disqualified directors

A pair of directors have been sentenced to a combined 13 months in prison for running a company while disqualified. Read full story


R3 leads call to scrap legal reform

Insolvency trade body R3 and other business groups have called on the government to abandon legal reforms that could cost creditors “over £160m per year”. Read full story


Insolvencies cost taxpayer £4.4bn

Up to £4.4bn was lost by HMRC during 2012-13 due to “non-payment” of taxes in business and taxpayer insolvencies, according to the revenue’s latest Tax Gap Estimate report. Read full story


231 redundancies at insolvent shop fitter

Administrators have announced 231 redundancies at the insolvent store fitting and design company, New Store Europe UK Limited. Read full story


Berry & Cooper acquires corporate recovery firm

Manchester-based law firm Berry & Cooper has announced the acquisition of corporate recovery and insolvency firm Clark Lindsay LLP. Read full story


King & Spalding appoints London restructuring partner

Law firm King & Spalding has announced the appointment of English-qualified lawyer Elisabeth Baltay as a partner to its financial restructuring practice in London. Read full story


Burlison and Firmin confirmed as KPMG restructuring heads

KPMG have announced the appointment of David Burlison as global head of restructuring and Mark Firmin as UK head of restructuring. Read full story


Insolvency & Rescue Awards 2014 winners revealed!

Over 700 insolvency industry professionals gathered at London’s Lancaster Hotel last night to celebrate 2014’s Insolvency & Rescue Awards. Read full story


Financial services complaints drop 5%

New figures from the Financial Conduct Authority (FCA) have shown a 5% reduction in complaints received by financial services companies in the first half of 2014. Read full story


Half a million jobs saved by Insolvency & Rescue Awards finalists

Almost half a million UK jobs have been saved in the last year, thanks to the work of finalists in this year’s Insolvency & Rescue Awards. Read full story


PwC investments drive revenue growth

PwC’s UK arm has announced a 5% rise in revenues to £2,814m for the year ended 30 June 2014, up from £2,689m in 2013. Read full story


Restaurants buck falling insolvencies trend

The number of restaurants entering insolvency has jumped 15% year-on-year, going against falling levels of insolvencies across all sectors. Read full story


Brothers handed maximum disqualifications

Two directors of a Birmingham mobile phone wholesaler have been disqualified from acting as company directors for 15 years each. Read full story


SME’s confident banks will lend

Three in five UK SMEs believe they would be successful if they applied for a bank loan to fund their investment plans, according to research by Clydesdale and Yorkshire Banks. Read full story


Weekly Moves

A round-up of new hires and moves within the insolvency and restructuring industry Read full story


70 year ban for fraudulent directors

Seven former members of a 200-year-old solicitor’s firm have been banned from acting as company directors for fraudulent trading for a collective total of 70 years. Read full story


Baker Tilly merges with Aberdeen accountancy Simpson Forsyth

Baker Tilly has announced a merger with Aberdeen-based accountancy firm Simpson Forsyth. Read full story


Funding for Lending to SMEs falls £435m in three months

Latest figures for the Bank of England’s Funding for Lending scheme (FLS) show that net lending to SMEs has dropped by £435m in the three months to June. Read full story


Pension pinching directors banned for 28 years

A trio of directors who raided their client pension funds have been banned from acting as company directors for a collective total of 28 years. Read full story


Insolvency Service chief executive to step down

The Insolvency Service has confirmed that chief executive Dr. Richard Judge is to leave the agency in November. Read full story