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Corporate > Corporate Recovery

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

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

Jobs go at insolvent foil packaging firm

Shropshire-based food packaging company Discovery Foils Limited has entered administration, resulting in 69 redundancies. Read full story

SFP looks for Cardiff bar buyers

Administrators to several Cardiff-based bars and music venues have confirmed they are searching for buyers. Read full story

Baker Tilly aim for Alpha sale

Restructuring and recovery firm Baker Tilly has been appointed to the administration of printing business Alpha Media Solutions Ltd. Read full story

Modelzone wholesale arm sold out of administration

Amerang Limited, the wholesale arm of insolvent model retailer Modelzone Limited, has been sold out of administration. Read full story

Internacionale sold via pre-pack

Fashion retailer Internacionale Retail Limited has been sold out of administration in a pre-pack deal, preserving 1,550 jobs. Read full story

Nicole Farhi administrators look to sell

Administrators to luxury fashion and homeware retailer Nicole Farhi have announced there have been over 50 “expressions of interest” from potential buyers. Read full story

Baker Tilly confirms yacht manufacturer redundancies

Baker Tilly Restructuring and Recovery has confirmed redundancy notices have been given to 234 employees of Sealine International Ltd, a manufacturer of luxury yachts. Read full story

SFP handed enforcement firm administration

An enforcement firm used by Bromley council to issue littering fines has gone into administration. Read full story

Budget 2013: £130bn boost for mortgage lending

The chancellor George Osborne has today revealed radical plans to help would-be house buyers get onto the property ladder, including a pledge to back £130bn worth of mortgage lending. Read full story

HL Legal Solicitors announces Incasso acquisition

A midlands-based law firm has acquired the debt recovery specialist Incasso, Credit Today can reveal. Read full story

HMRC appoints panel manager

TDX Group has won a contract with HM Revenue and Customs (HMRC) to act as a debt broker and panel manager for its outsourced consumer debt collection work. Read full story

128-year-old steel business in administration

One of the UK’s leading independent alloy steel foundries officially went into administration yesterday (13 November). Read full story

Insolvency Service issues debt tender

The Insolvency Service has issued a £6m tender for debt recovery services relating to bankruptcy. Read full story

Lower failure rates hide “insolvency armageddon”

A fall revealed in the number of corporate insolvencies is covering up a struggling economy failing to kick away from recession. Read full story

2012 will show lowest insolvencies for four years

RSM Tenon has today released statistics showing that personal insolvencies are continuing to decline. Read full story

ACP joins forces with Moore Stephens

The Association of Credit Professionals (ACP) has joined forces with accountancy firm Moore Stephens to help members gain free insolvency advice and support. Read full story

Bank blocks bankrupts’ access to current accounts

The Co-operative Bank has announced that it will no longer offer its basic bank account to undischarged bankrupts. Read full story

Former sponsors of Maria Sharapova in administration

A sports manufacturer which has backed some of the biggest names in tennis has filed for bankruptcy in the UK. Read full story