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Corporate


Fraudulent medical group wound up

A bogus medical assistance provider has been wound up in the public interest in the High Court following an investigation by The Insolvency Service. Read full story


Insurance comparison director banned

The director of motorbike insurance comparison website Bike Insurer Services Ltd has been disqualified from acting as a director of a limited company for eight years. Read full story


Profits jump at Lloyds as impairments fall

Lloyds Banking Group saw underlying profit soar to £1.48 billion in the first quarter of 2013, up from £497m a year earlier, as impairment charges continued to decline. Read full story


Grant Thornton appointed to Olympic contracter

A Welsh construction company responsible for building the roof of the London 2012 aquatic centre has confirmed 400 possible redundancies after Grant Thornton was appointed administrator. Read full story


Finance director departs FCUK brand

Embattled retailer French Connection has announced group finance director Roy Naismith has stepped down with immediate effect from today. Read full story


Jon Moulton snaps up City Link for £1

Jon Moulton’s Better Capital has snapped up troubled courier brand City Link from Rentokil Initial for just £1. Read full story


Timber merchant boss disqualified

The director of timber merchant Forestsale Limited has been disqualified from acting as a director for 10 years. Read full story


Kidulthood film firm in administration

Big-spending movie distribution and production company, Revolver Entertainment Limited, best known for 2006 release Kidulthood, has entered administration. Read full story


Insolvency Service tackles Essex director

The director of fishing tackle business Hooked (UK) Limited has been banned from acting as a director of a limited company for five years. Read full story


Harrisons brokers rescue deal for IGS

Harrisons has confirmed the sale of assets from defunct business International Graphics Sourcing UK Limited (‘IGS’). Read full story


Debt judgments decline in 2012

The value of debt judgments against businesses in England and Wales fell by £85m last year, according to the latest figures. Read full story


Government responds to Insolvency Service concerns

The government has responded to the Select Committee’s claims that The Insolvency Service is holding on to an obese property portfolio which is now 33% too large for its current needs. Read full story


Bath Building Society declares £2.2m profit

Bath Building Society has confirmed a slight dip in pre-tax profits from £2.3 million in 2011 to £2.2 million in 2012. Read full story


Santander's profits tank as lending dips

Santander has announced a 25.9% drop in profits in its Q1 2013 results statement after lending revenue declined. Read full story


KPMG appointed to facilities firm

Brian Green and Paul Flint of KPMG’s North West Restructuring team were appointed joint administrators of The BGM Group Ltd, which has been sold on a pre-pack basis to facilities management business Europa. Read full story


Carbon companies closed in public interest

Three connected companies have been wound up in the public interest by the High Court in London, following petitions by the Secretary of State for Business, Innovations and Skills, and an investigation by the Insolvency Service. Read full story


Fashion retailer Kookai quits UK

Fashion retailer Kookai – famed for its black and white handbags in the 90s – is quitting the UK high street and disposing of the assets of its UK business in a solvent liquidation. Read full story


Pressures on UK plc "eased" in Q1

Findings from the Begbies Traynor Red Flag Alert research for Q1 2013 show that the ‘critical’ financial problems facing UK plc’s have decreased by 34% compared to Q1 2012. Read full story


Cooper Parry picks up Fat Cat

Cooper Parry has been appointed as administrator for a café bar and restaurant group with branches in the Midlands and London. Read full story


Co-op axes plans for Lloyds branches

The Co-operative Group has pulled the plug on its plan to buy 632 Lloyds Banking Group branches as part of the Project Verde deal. Read full story