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Corporate


Government bans anti-invoice finance terms

Businesses will be freed from restrictive contract clauses that prevent them from gaining invoice finance, when new measures come into force early next year. Read full story


Chantrey Vellacott partners complete MBO

Partners in the business recovery arm of Chantrey Vellacott have completed a management buy-out of the division. Read full story


HSBC’s profits up 10 per cent, as impairments drop £180m

HSBC has posted a pre-tax profit rise of 10 per cent to £8.7bn for the first half of 2015, compared with £7.9bn for the same period last year. Read full story


Corporate insolvencies fall 7.5 per cent

The level of corporate insolvencies in the second quarter of 2015 has fallen 7.5 per cent year on year, as many practitioners continue to see fewer formal appointments. Read full story


Revealed: The finalists of the 2015 I&R Awards

Insolvencynews can today reveal the full shortlist for the 2015 I&R Awards, sponsored by Capa, as the scheme returns for its eighth year. Read full story


Small business commissioner to tackle late payment

The government has unveiled plans to appoint a small business commissioner to tackle payment disputes and unfair practices. Read full story


MoJ proposes new court fee hikes

The Ministry of Justice (MoJ) has proposed an increase in the maximum fee for money claims from £10,000 to at least £20,000. Read full story


RBS offloads £400m portfolio

The Royal Bank of Scotland Group (RBS) has agreed to sell a portfolio of loans to an entity funded by Deutsche Bank and funds affiliated with Apollo Global Management, a specialist in alternative investment management. Read full story


Crackdown on horrible bosses as banning orders jump

The number of disqualification orders made against criminal company directors in Great Britain has jumped 83 per cent in a year, a new study shows. Read full story


FCA chief exec to stand down in September

The Financial Conduct Authority (FCA) has announced that Martin Wheatley is to stand down as chief executive on September 12. Read full story


Begbies Traynor posts £700,000 loss, as corporate insolvencies fall 14%

Begbies Traynor has posted a pre-tax loss of £700,000 for the 12 months to April 30 2015 – a period in which corporate insolvencies have fallen sharply. Read full story


Wragge Lawrence Graham & Co unveils Gowlings merger

Legal firm Wragge Lawrence Graham & Co is joining forces with Canadian solicitors Gowlings to create an international law business. Read full story


Menzies and Harris Lipman announce merger

Accountancy firm Menzies is merging with Harris Lipman in a deal that both companies claim will create a partnership with £40m of fee income. Read full story


HMRC moves to shut down 3,000 firms

HMRC last year applied to shut down 3,000 businesses to meet unpaid tax bills, according to a new study. Read full story


Bank executives face 10-year bonus clawbacks

Bank executives face bonus clawbacks of up to a decade for conduct failures, as part of new remuneration rules announced by the UK’s two financial regulators. Read full story


Insolvency Service closes £4.5m credit scam

A company that ran a £4.5m scam by fraudulently obtaining credit to provide text message services has been forced out of business. Read full story


I&R Awards judges share their tips on entries

I&R Awards judges from the UK’s largest insolvency firms and recognised professional bodies (RPBs) have shared tips with readers on how to write winning entries. Read full story


Essendon fuels manufacturing MBO

Essendon Group has sold installation manufacturer Woodteam from insolvency practice Leonard Curtis, in a buy-out deal spearheaded by the company’s management team. Read full story


Begbies launches worldwide advisory group

Professional services firm Begbies Traynor Group has announced the launch of BTG Global Advisory – an international alliance of independent insolvency, restructuring and financial advisory firms operating around the world. Read full story


Corporate insolvencies at lowest level since 2007

Company insolvencies in England and Wales have fallen to the lowest number since the end of 2007, according to the Insolvency Service. Read full story