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Corporate


Hearts preferred bidder named

The preferred bidder for insolvent football club Heart of Midlothian FC has been named by administrators BDO LLP. Read full story


Comet backers pocket £54m

The sale of stock and equipment from collapsed electrical retailer Comet has netted the company’s main secured creditor £54m. Read full story


Care home sold out of administration

A Bath care home has been sold out of administration by administrators from Begbies Traynor, securing 25 jobs. Read full story


Lighting manufacturer looks to restructure

Specialist lighting manufacturer Riegens Lighting Ltd has entered administration and will begin a restructuring process. Read full story


Deloitte revenues top £2.5 billion as partner profits fall

The UK’s second largest accounting firm Deloitte today (12 August) posted revenues of over £2.5 billion for the year ending 31 May 2013. Read full story


Lenders face losses on Equidebt

Two banks are facing losses of at least £11.6m following the collapse of debt purchaser Equidebt. Read full story


Architects face up to liquidation

Architecture practice Sidell Gibson Partnership LLP is facing impending administration and is expected to be put into liquidation in the next few weeks. Read full story


Railcare staff to go unpaid

Staff at insolvent train maintenance firm Railcare Limited will not receive wages for the month leading up to the company’s administration. Read full story


Games group enters administration

Embattled online games group Zattikka plc has entered administration, after failing to pay off its debts. Read full story


Soft furnishers enter second administration

Soft furnishers Mostyns Curtains Limited has closed its stores after entering administration, less than one year after it was sold through a pre-pack deal. Read full story


Greggs unveils turnaround as profits slump

Bakery chain Greggs has announced it will reshape its business following a 2.9% drop in like-for-like sales in its 2013 first half results. Read full story


Biofuel investment firm wound up

A company offering investments in an untraceable biofuel project in Mozambique has been wound up by the High Court in the public interest. Read full story


Coventry City FC enter liquidation

Coventry City Football Club Ltd has gone into liquidation, following the rejection of a Corporate Voluntary Agreement by stadium owners Arena Coventry Limited (ACL) today (2 August). Read full story


Hearts CVA could leave creditors empty handed

Unsecured creditors of embattled Heart of Midlothian FC could be left out of pocket should the club exit administration via a Creditors Voluntary Agreement (CVA). Read full story


Aldershot Town sold from administration

The sale of Aldershot Town Football Club out of administration has been completed, with a consortium led by former chairman Shahid Azeem taking ownership. Read full story


IPs instructed about debt management firm

Insolvency practitioners have been instructed about debt management firm Smooth Financial Consultants one week after a winding-up petition was issued against the business. Read full story


Holiday park sold out of administration

A 79 acre holiday park near Moffat in Dumfries and Galloway has been sold out of administration by Begbies Traynor. Read full story


Khan bullish on Bradford administration

Rugby league side Bradford Bulls are not on the brink of another administration, according to owner Omar Khan. Read full story


Modelzone administration costs creditors £11m

Collapsed toy and model retail chain Modelzone Limited owed approximately £11m to lenders and suppliers, according to a report from company directors. Read full story


Increase in SME lending

The latest figures from the Bank of England (BoE) show lending to small and medium businesses (SMEs) increased £238m between May and June 2013. Read full story