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Industry > Firms

Updated: Thousands of jobs in the balance as Comet prepares to enter administration next week

Electronics retailer Comet confirmed it will enter administration next week after reports showed it has made estimated losses totalling tens of millions of pounds. Read full story

SMEs will survive less than three months without overdrafts

The majority of small and medium-sized enterprises (SMEs) in the UK said they would survive less than three months without access to an overdraft, according to a survey. Read full story

North stays top of insolvency league table

Companies in the north of England are more likely to fail than those in the south of the country, according to a report. Read full story

Earn CPD point from CT’s free webinar

Equifax UK, Family Bruiners and Credit Today are working together to produce a free webinar. Read full story

Fairpoint Group confirms drop in adjusted pre-tax profits

Fairpoint Group has confirmed a drop in adjusted pre-tax profits of £2.9m from the £6.9m declared in the full year results of 2010 to £4m for 2011. Read full story

IS 2012: Lloyds is only creditor in consultation response

Creditors were today criticised by conference delegates for their apathy in a recent consultation by the Accountant In Bankruptcy (AIB) on the future of protected trust deeds (PTDs). Read full story

Commercial arm helps HSBC to £13.8bn profit

HSBC’s record year for its Commercial Banking team contributed to pre-tax profits of £13.8bn (US $21.9bn) for 2011, up 15 per cent on the same 12 months in 2010. Read full story

RBS declares £2bn loss as Restructuring team grows

Royal Bank of Scotland today reported a pre-tax loss of £2 billion – its fourth consecutive loss since it was bailed out by the taxpayer in 2008. Read full story

RSM Tenon investors call for rights issue

Investors in RSM Tenon have this morning (24 January 2012) been calling for an emergency rights issue following the resignation of the two top directors. Read full story

Insolvency firm collapses due to “significant claims”

An insolvency firm has collapsed due to “significant claims” made against the partnership. Read full story