This site uses cookies; by continuing to use our site you agree to our use of cookies. More details in our privacy policy. Close




RBS paid 93 staff £1m plus in 2012

Royal Bank of Scotland Group – the bank that the British tax payer had to bail out because it was on the brink of collapse – has announced 93 of its staff were paid over £1 million last year. Read full story

Thomas Cook to close 195 stores

Thomas Cook has confirmed it will be reducing its UK workforce by 2,500 job roles in back office and high street retail roles. Read full story

E&Y confirms Dreams pre-pack

Ernst & Young has confirmed that beds retailer Dreams has been sold to Sun Capital Partners in a pre-pack administration. Read full story

VIEWPOINT: What does 2013 hold for the future of commercial properties?

Neil Male, group executive director of GMS Group, looks at the prospects for commercial property in the coming year Read full story

VIEWPOINT: An act of re-construction: can it change the outcome?

Rob Pearce investigates the implications of a change in the statutory payment rules of construction contracts Read full story

VIEWPOINT: Take stock

The valuation and disposal of inventory requires a deep understanding of the business and specialist exit planning skills to maximise realisation from an insolvency process Read full story

VIEWPOINT: On a wing and a prayer

In the world of aviation assets, specialist advice is vital for the restructuring professional to ensure recovery and maximise realisation Read full story

VIEWPOINT: Moving machinery

Experience and expertise in both heavy machinery and information technology are vital to Sweeney Kincaid’s success, says Russell Kincaid

From Aberdeen to Aberystwyth and from London to Washington (Tyneside), Sweeney Kincaid, one of the UK’s leading industrial auctioneers, runs some of the largest and most successful sales of industrial equipment. Read full story

VIEWPOINT: A risky business…

It’s fair to say life as a valuer in an insolvent case has not got easier! Read full story

VIEWPOINT: Business rates – will the postponement fuel more insolvencies?

Businesses in England, Wales and Scotland have been used to five-year rating revaluation since 1990, when the Uniform Business Rate (now called the multiplier) was introduced. Read full story

Insolvency rates among businesses at five-year low

The rate of business insolvencies fell in January 2013 to its lowest rate since June 2007, according to the latest figures. Read full story

Bank of Ireland confirms £1.9bn loss

Embattled financial group Bank of Ireland recorded a loss before tax of £1.87 billion (€2.16 billion) for the 12 months ending 31 December 2012. Read full story

Rangers declares £7m loss

Rangers Football Club plc has reported an operating loss of £7 million for the seven month period to 31 December 2012. Read full story

North east’s largest builders’ merchant bid to enter CVA

Sunderland based builder’s merchant, A. Thompson, is struggling to keep afloat after two years of declining sales. Read full story

Sports Direct buys Republic

Sports Direct, the low-cost sports and fashion retailer, has confirmed the acquisition of 114 stores of fashion retailer Republic (UK) and Republic (Retail) Limited. Read full story

Begbies Traynor warns of headwinds

Begbies Traynor reiterated its concern at market conditions in a trading update released to the London Stock Exchange this morning. Read full story

SURVEY: New Business Trends

Joe McGrath reveals the trends resulting from administration work in 2012 researched from Insolvency Today’s BlackBook. Read full story

Police arrest three for insider dealing

Three men have been arrested following the Financial Services Authority’s latest investigation into insider dealing. Read full story

RSM Tenon reports £10m loss

Embattled accountancy group RSM Tenon has slashed its cost base to cut losses to £10 million for the six months to 31 December 2012, compared to a loss of £70.6 million over the same period last year. Read full story

Personal injury legal firm collapses

Harrisons Business Recovery and Blue Gate Capital have been appointed administrators to Calibre Solicitors Limited (trading as Legal Gateway), a 14-person legal practice based in Eccles, Manchester. Read full story