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Corporate


7,000 student qualifications saved from liquidation

The intellectual property rights of the UK’s oldest management institute have been sold out of liquidation, securing the qualification and career prospects of more than 7,000 students. Read full story


Liquidation under Cedant Scheme progresses

The liquidators of an insolvent insurance business have announced an initial payment percentage of 15% has been agreed, following implementation of a Scheme of Arrangement (SoA). Read full story


Manchester manufacturer sold saving 16 jobs

A 163-year old manufacturing business in Greater Manchester has been sold out of receivership, preserving the jobs of 16 staff. Read full story


Construction firm files for administration

A steelwork contractor owned by Irish SIAC Construction Group has filed a notice of intent to appoint administrators. Read full story


Dundee United wipes £3m off debt

Scottish football club Dundee United has today (7 February) reached a settlement with its bankers to close off its debt position. Read full story


Ex-banker handed 11 year bankruptcy restriction

A former client relationship manager at Santander bank has been declared bankrupt following an investigation by the Insolvency Service. Read full story


Payday lender collapses

An Essex-based payday lender that charged customers 1% interest per day has gone into administration. Read full story


Store closure and redundancies as retailer enters administration

Base Retail Limited has entered into administration, resulting in four store closures and 68 redundancies. Read full story


North West law firm files for administration

A prominent law firm based in the North West has filed a notice of intention to appoint administrators yesterday (6 February). Read full story


Leeds United issued with winding up petition

Championship football club Leeds United have been issued with a winding up petition by shirt sponsor Enterprise Insurance. Read full story


Punch chairman’s last ditch plea to lenders

The possible failure to pass a debt restructuring plan will lead to at least five years of “mess” and “uncertainty”, Punch Taverns will warn lenders. Read full story


Another victim enters administration in legal sector

A firm of solicitors based in the north-east has become the latest to enter administration as the legal sector continues to struggle. Read full story


Successful disposal of Hollybush Hotels

The asset portfolio of Hollybush Hotels, containing four hotels and a holiday resort, has successfully been sold out of administration. Read full story


Property firms collapse into administration

Two Liverpool-based property companies have gone into administration reflecting the state of the market. Read full story


Begbies tops corporate insolvency list

Business rescue and recovery firm Begbies Traynor handled over 1,000 corporate insolvency appointments throughout 2013, more than any other practise in the UK, according to new research. Read full story


Hearts step closer to exiting administration

Insolvent Scottish football club Hearts of Midlothian has taken a step towards exiting administration. Read full story


Insolvency for fitness guru’s firms

The two firms run by fitness guru Rosemary Conley CBE have entered administration, resulting in six redundancies. Read full story


Unsecured creditors await payout from collapsed payday lender

Unsecured creditors of a collapsed payday lender must await the results of a legal investigation into the firm’s former chief executive to see if they will receive any money back. Read full story


Construction group sold out of administration

Northern Irish construction firm Mivan No.1 Limited has been sold out of administration. Read full story


Retail store survival rates decreasing

The average retail store survival rate has dropped to 26%, according to FRP Advisory’s high street retail administration survival index 2013. Read full story