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Corporate


Scottish pharmaceutical plant enters administration

A pharmaceuticals plant in Dumfries and Galloway has entered administration with the immediate loss of 30 jobs. Read full story


Sidley Sports & Social Club to be wound up

Sidley Sports and Social Club is to be wound up and its Bexhill-on-Sea grounds are to be sold, after experiencing financial difficulties. Read full story


Deficit emerges after collapse of debt management firm

Collapsed debt management firm Smooth Financial Consultants used customer payments to fund a cashflow shortage in the business instead of passing the money to creditors, new documents have revealed. Read full story


Classic car dealer banned for 12 years

The director of a classic car dealership has been disqualified from acting as a company director for 12 years, following an investigation by The Insolvency Service. Read full story


Union calls for Trigon Snacks aid

Workers union Unite has called for Governmental aid in protecting jobs at insolvent peanut manufacturer Trigon Snacks. Read full story


Cardiff bar sold out of administration

Cardiff-based Buffalo bar has been sold out of administration to a new bar management company, preserving the jobs of 22 staff. Read full story


Insolvency & Rescue Awards, the winners revealed!

Practitioners, lawyers, bankers and debt managers were among the insolvency elite that comprised the 700 people in attendance at last night’s 2013 Insolvency & Rescue Awards, sponsored by Capa. Read full story


Landscaping firm sold out of administration

A construction, maintenance and water infrastructure repair firm has been sold out of administration, preserving the jobs of 43 staff. Read full story


VIEWPOINT: The burning issue

A fire risk assessment may not be the number one priority for any administrator taking on a struggling hotel, but letting it slip can have disastrous consequences, writes Ian Smith, the principal health and safety officer at Convivial Management Services Read full story


Collectables retailer enters administration

North East gift retailer Collectables Retail Limited has entered administration. Read full story


VIEWPOINT: Insurance: don’t hang up just yet

Survey results suggest we should think twice about taking insurance services away from the telephone and putting them online, finds Tim Bevan of Insolvency Risk Services. Read full story


Law firm sold via pre-pack

Northern law firm Linder Myers Solicitors has acquired the practise of Dickinson Haslam via a pre-pack deal. Read full story


VIEWPOINT: A buyer’s guide to insolvency insurance: How this niche insurance sector operates and what you should expect

Mark Sanderson, managing director of insolvency services at Willis, discusses the purpose and pricing of open cover insurance. Read full story


VIEWPOINT: Room for improvement: how to turn around struggling hotels

Carl Ridgley, a partner in the Hospitality & Leisure team at Edward Symmons, looks at the challenges facing the regional hotel market and the impact this has had. Read full story


Adult services firms escorted into liquidation

Two connected companies that charged advance fees for jobs in adult films and escort services but failed to deliver, have been wound up in the public interest by the High Court in London. Read full story


Land banking firm wound up

A Milton Keynes land banking firm that misled investors into buying plots of green belt land for property development has been wound up in the public interest. Read full story


Independent optician sold out of administration

London’s largest independent optician, Designville, which trades as 2020 Optical Store, has been sold out of administration. Read full story


£40bn return for creditors of Lehman Brothers

Creditors of collapsed bank Lehman Brothers are to set to recover “100% of their claims” in early 2014, according to administrators. Read full story


Family printing firm sold out of administration

A Derbyshire print marketing company has been sold out of administration, preserving the jobs of its 16 employees. Read full story


Black Friday for payday lender

A payday lender which billed itself as ethical and is owned by a major shareholder in Bristol City Football Club has decided to wind itself up. Read full story