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Industry


Begbies revenues hit by falling insolvencies

Begbies Traynor has seen a 10% fall in revenues, announced in its final results for the year ended 30 April 2014. Read full story


New insolvency support measures announced

Business minister Jo Swinson has today (8 June) announced a series of proposals to offer insolvency businesses support from the IT and utilities sector. Read full story


R3 welcomes low distress and high growth

The levels of business distress and business growth have remained at record highs and lows respectively, according to insolvency trade body R3. Read full story


Weekly moves

A weekly roundup of new hires and moves within the insolvency and restructuring industry Read full story


Record entries for I&R Awards as shortlist revealed

The seventh Insolvency & Rescue Awards 2014, sponsored by Capa, is set to be the industry’s landmark awards event once again following a record number of entries. Read full story


Contractor bosses disqualified for 14 years

Two directors of an engineering contracting company have been disqualified from acting as company directors for a total of 14 years. Read full story


Average SME trade debt reaches £1.3m

UK SMEs are burdened with an average trade debt of £1.3m, putting the most vulnerable at serious risk, according to research from online debt recovery law firm Debt Guard Solicitors. Read full story


Weekly moves

A weekly roundup of new hires and moves within the insolvency and restructuring industry Read full story


Wonga slammed by FCA redress order

Online lender Wonga has been ordered to repay £2.6m to customers by the Financial Conduct Authority for “unfair and misleading debt collection practices”. Read full story


Director ban increase: tougher action by Insolvency Service

The number of directors being disqualified in England, Wales and Scotland has increased by 25% since last year. Read full story


1 in 5 to struggle with interest rate rises

As many as one in five UK businesses would face financial difficulty should a one percentage point rise in interest rates occur by the end of 2015, says insolvency trade body R3. Read full story


221-year-old saddle maker in administration

A Walsall-based manufacturer of hand-made saddles that has been in business for 221 years has entered administration, resulting in 26 redundancies. Read full story


Weekly moves

A weekly roundup of new hires and moves within the insolvency and restructuring industry Read full story


1,300 insolvent retailers in 2013

The number of retailers entering insolvency reached a five-year high in 2013, according to research from accountancy firm Wilkins Kennedy. Read full story


Pre-pack review proposes independent inspection

The long-awaited government-commissioned review of pre-packaged administrations by Teresa Graham has proposed potential prepack deals be scrutinised by a panel of “experienced experts” before going ahead. Read full story


Begbies Traynor announces Ian Franses acquisition

Business recovery group Begbies Traynor Group has announced the acquisition of the trade and assets of corporate insolvency firm Ian Franses Association Ltd. Read full story


Growth in mid-market fuelled by non-bank lending

Mid-market businesses now have access to financing options that were previously only open to large corporates, according to research from Grant Thornton. Read full story


Care home insolvencies fall in 2013

The number of UK care homes that entered insolvency fell by 24% in 2013, according to research from accountancy firm Wilkins Kennedy. Read full story


Queen’s Speech includes SME alternative lending proposals

In Her speech to Parliament today (4 June), the Queen announced a bill that could offer SMEs that have been turned down for finance by conventional banks a financial lifeline. Read full story


Building up your construction site security

Want to be sure that your construction site is completely secure when you walk away at the end of the day or for the weekend? Read full story