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Corporate > Corporate Recovery


Williams & Glyn costs hit £1.5bn as RBS posts loss

RBS has admitted that costs relating to the Williams & Glyn sale have hit £1.5bn – and that the divestment will miss its deadline. Read full story


Atradius snaps up competitor

Trade credit insurer Atradius has acquired business intelligence specialist Graydon, in a move to boost its collection and credit information services. 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


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


Swansea and Southampton top premier league of payments

Swansea City and Southampton are the two best teams in the Premier League when it comes to paying invoices on time and having a good credit rating with suppliers. 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


Shortlist announced for Credit Awards 2016

The finalists for the 2016 Credit Awards sponsored by TDX Group have been announced, following an extensive shortlisting process across the scheme’s 27 categories. Read full story


Debt recovery and asset valuation firm in administration

A company that specialises in debt recovery and asset valuation has gone into administration, with RSM Restructuring Advisory being appointed as administrators. Read full story


Leonard Curtis saves 1,500 jobs at Blue Inc and Officers Club

Leonard Curtis Business Solutions Group has secured the future of 1,500 employees at A Levy & Son, which trades as Blue Inc and Officers Club, by advising on a restructuring process. Read full story


Corporate insolvencies fall 10 percent

The number of companies going bust in England and Wales has fallen 10 percent year on year, according to The Insolvency Service. Read full story


GT Law becomes latest legal firm to collapse

GT Law Solicitors, the trading name of First Stop Legal Services, has filed for administration in the latest of a string of legal firm insolvencies. Read full story


Law firm merger follows pre-pack administration

London-based law firm Jeffrey Green Russell has merged with legal and consultancy group Gordon Dadds, following a pre-pack administration. Read full story


Insolvency Service rings in changes to deter rogue directors

The Insolvency Service has reminded creditors of a service starting on October 1 that provides compensation when directors are disqualified. Read full story


Late payment behind £2.6bn in overdue VAT

UK businesses now owe almost £2.6bn to HMRC in overdue VAT, as late payment from clients forces them to delay paying tax, a finance provider has claimed. Read full story


HMRC takes more than three years to probe 3,800 local cases

Almost a quarter of all tax investigations launched by HMRC’s local offices are still unresolved more than 12 months later, a City law firm has claimed. Read full story


UK SMEs owed £67bn in unpaid invoices

British SMEs are now owed £67.4bn in unpaid invoices, a rise of eight per cent from £62.5bn in the last year alone, according to a new study. Read full story