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Corporate > Corporate Recovery


Budget 2015: Treasury to net £25bn via loan sales

The Treasury will net £25bn by selling off mortgages from the nationalised Northern Rock and Bradford & Bingley businesses, along with the student loan book. 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


Insolvency fees to be shown upfront

Insolvency practitioners will have to provide upfront estimates of the cost of working on insolvency cases, under new rules announced today. Read full story


Lloyds’ profits rise £1.4bn, as PPI charge tops £12bn

Lloyds Banking Group has posted a £1.4bn pre-tax profit rise for 2014, while bad debt charges across personal loans, mortgages and current accounts fell 21 per cent to £600m. Read full story


MoJ caves under pressure to help creditors

The government has caved under pressure to change a policy which will ensure that an estimated £160m can be returned to creditors from insolvencies. Read full story


Trade bodies unite to fight 'anti-creditor’ policy

Justice minister Chris Grayling is under mounting pressure to rethink Legal Aid changes that trade groups fear will cost businesses and taxpayers £160m. Read full story


Print firm sold out of administration via pre-pack

A Manchester-based printing and design firm has been sold out of administration through a pre-pack deal. Read full story


Albemarle & Bond rescued from administration

Insolvent pawnbroker Albemarle & Bond has been sold out of administration, saving more than 600 jobs and 128 stores. Read full story


Akkeron hotels sold out of administration

A number of hotels operated by Barinbrook Limited (formerly Akkeron Hotels (Admiral) Limited) have been sold out of administration. Read full story


Student property companies sold out of administration

Administrators from PwC have announced the sale of a portfolio of student property companies out of administration. Read full story


Tune up for bodyshop business

A Staffordshire car garage and bodyshop has been bought out of administration, securing the positions of 17 staff. Read full story


Kinky Knickers back in business

The British manufacturer producing Mary Portas’ Kinky Knickers line has been sold out of administration. Read full story


KPMG sells hotel chain out of administration

The business and assets of a national hotel chain has been sold out of administration, securing the ongoing employment of 1,130 staff. Read full story


Timber merchant sold out of administration

A South West timber merchant has been sold out of administration, preserving the future of 60 jobs. Read full story


Online fashion retailer saved by pre-pack

An online designer fashion retailer, Meemi Limited which traded as mywardrobe.com, has been sold out of administration via a pre-pack deal, preserving 48 jobs. Read full story


452 Blockbuster staff to lose jobs

Administrators to Blockbuster have today (14 November) announced that 72 stores are to close and 452 staff are to be made redundant. Read full story


Moorfields wins Blockbuster appointment

Simon Thomas and Nick O’Reilly of Moorfields Corporate Recovery have been appointed administrators to TS Operations Limited, trading as Blockbuster, the DVD and video games rental company. Read full story


Elmfield Training sold out of administration

A Warrington-based provider of apprenticeship training services that has received £100m in public funding has been sold out of administration, securing 300 jobs. Read full story


Engineering firm sold out of administration

A Hampshire engineering firm has been sold out of administration, preserving the jobs of 69 staff. Read full story