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Corporate


Stockbroking father and son banned for 10 years

A father and son have been disqualified from acting as company directors for a total of 10 years, following an investigation by The Insolvency Service. Read full story


Hearts administration: Update

Embattled football club Heart of Midlothian have announced a third senior player has agreed to a pay cut in order to keep the club from liquidation. Read full story


Business size gap widens, R3

The gap between small and large businesses experiencing levels of distress have significantly widened, according to R3’s latest Business Distress Index (BDI). Read full story


KPMG picks up Cardiff contractor

A Cardiff-based contractor that provided design and technical services to the construction industry has entered administration, leading to the redundancies of 55 staff. Read full story


Liverpool boat firm fails to stay afloat

The company that operated the Liverpool ‘Yellow Duckmarine’ boat tours has entered administration after one of its craft sank last week. 30 jobs have been lost as a result of the administration at Liverpool-based Pearlwild Limited. Read full story


Prospects rise for cake retailer

Following a creditors’ meeting, Sheffield cake retailer Fancie Limited has been placed in the hands of joint liquidators Adrian Graham and Julian Pitts of Begbies Traynor. Read full story


FRP seeks buyer for suet producer

Food manufacturing and packaging firm Q Cold Limited has entered administration, with staff likely to face redundancies. Read full story


UPDATED: BDO begin Hearts surgery

Administrators of ailing football club Hearts have announced redundancies across both playing and non-playing staff. Read full story


Landbanking investors to see cash again

The Financial Conduct Authority (FCA) is to reunite £380,000 with dozens of investors in an illegal land banking scam. Read full story


14th century pub rescued by community

A local community has clubbed together to rescue its village pub from the brink through a £130,000 refinancing through the Co-operative’s Enterprise Hub. Read full story


Deloitte completes nightclub sale

Administrators Deloitte have confirmed the sale of the Atmosphere Bars and Clubs Limited, which entered administration in May. Read full story


120 jobs saved in Metalrax pre-pack

Metalrax Housewares Limited has been sold out of administration through a ‘pre-pack’ arrangement, saving over 120 jobs. Read full story


Flybe losses rise ahead of turnaround

Flybe – the loss-making airline – has confirmed a loss before tax of £40.7 million for the 12 months ending 31 March 2013, worse than the £6.2 million loss declared for the 2011/12 period. Read full story


Collapse of Dwell could be Duff's job

Furniture retailer Dwell ended weeks of speculation today by closing its stores and ceasing to trade online, leaving some 300 jobs hanging in the balance. Read full story


Dixons Retail posts pre-tax losses

Dixons Retail plc, the owner of Dixons and PC World, has announced a pre-tax loss of £115.3m for the financial year ending 30 April 2013. Read full story


Bank capital holes revealed by BoE/PRA

Royal Bank of Scotland (RBS) Group still has a capital shortfall of some £13.6 billion, according to the latest figures from the Prudential Regulation Authority (PRA). Read full story


Hut Group rescues Coggles

Premium fashion retailer Coggles has been bought out of administration by online retailer The Hut Group. Read full story


UPDATED: Broken Hearts enter administration

Embattled football club Heart of Midlothian have entered administration today following a dispute over which administrator would be appointed. Read full story


Insolvency ad banned after R3 complaint

An advertisement in editorial form – or ‘advertorial’ – has been banned by the Advertising Standards Authority for denigrating insolvency practitioners and discouraging business owners from consulting them. Read full story


Disqualified director jailed

A disqualified company director has been sentenced to eight months imprisonment by Birmingham Crown Court after managing a company whilst disqualified. Read full story