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Corporate > Corporate Recovery

Insolvency & Rescue Awards 2012 finalists announced

The finalists of the prestigious Insolvency & Rescue Awards 2012 are announced today (23 August). Read full story

Centaur creditors to have cash returned

Creditors of a liquidated ‘alternative’ investment firm have been told some of their money will be returned following an investigation by Begbies Traynor and law firm SGH Martineau. Read full story

18.7% year-on-year fall in compulsory liquidations

Businesses forced into compulsory liquidations fell by 18.7% in the second quarter of 2012 compared to the same period last year. Read full story

Retail insolvencies up 10.3%

The retail industry is “significantly worse off” than this time last year, according to figures from PwC. Read full story

Sites decline as ill wind hits retail

The number of retail trading sites have fallen to their lowest number since records began with hyper-local supermarkets softening what would have been a much larger decline. Read full story

RBS and Lloyds lead conference line up

Lloyds Banking Group and Royal Bank of Scotland will lead a striking line up at this year’s Insolvency Today Annual Conference, it has been confirmed. Read full story

UK takeaway chain enters administration

Sumo Salad (UK) Ltd – the British subsidiary of the Australian takeaway brand – has collapsed into administration. Read full story

Private fraud prosecution service launched

Edmonds Marshall McMahon has launched a private prosecution service for individuals and corporate victims of fraud, counterfeiting or corporate crime. Read full story

Luxury retailer Aquascutum faces court case

Luxury clothing retailer Aquascutum is being pursued by an Oldham-based textile manufacturer for the alleged non-payment of invoices. Read full story

Travel bosses warn on Budget tax plans

Concerned airline and travel bosses have clubbed together to write to Chancellor George Osborne, calling for a rethink in plans to increase Air Passenger Duty (APD) in Wednesday’s Budget. Read full story

Rangers FC IP's "widespread concern" over club takeover

The administrators of Rangers FC have admitted there is “widespread concern” about the arrangement used by the club’s chairman to buy the club. Read full story

Former Rangers boss turns whistleblower

Former Glasgow Rangers chairman Alastair Johnston has asked the Insolvency Service to investigate the takeover of the club by incumbent boss Craig Whyte. Read full story

Thomas Cook's losses jump £54m

Thomas Cook has confirmed a £91m loss for Q4 2011, up £54 million on the £37m loss declared for the same period in 2010. Read full story

700 jobs at risk as "Madhouse" enters administration

Deluxe Retail which trades as budget fashion chain “Madhouse” has entered administration, putting around 700 jobs at risk Read full story

Refined shipments restart at Petroplus' plant

PwC has confirmed it has secured a deal to ensure the ongoing shipment of refined oil products from the Coryton Oil Refinery in Essex which entered administration on Tuesday. Read full story

Kent steelmaker in administration as investor backs out

Kent-based steelmaker Thamesteel has entered into administration, according to sources involved in discussions. Read full story

Investment firm 'is insolvent' says Registrar

An overseas property company selling off-plan investments in South America has been given five weeks to pay £220,000 owed to HM Revenue & Customs in full. Read full story

MF Global customers to miss out on distribution

Former clients of collapsed MF Global UK had their ‘client status’ recategorised just days before the firm entered administration meaning they could now miss out on the redistribution of cash planned for February. Read full story

DWF and Cobbetts in merger talks

North West firm DWF has confirmed it is in merger discussions with Manchester law firm Cobbetts. Read full story

Zolfo picks up Trostre Retail case

Zolfo Cooper has been appointed as the administrator for Trostre Retail – a property developer specialising in retail parks in the North West and Wales. Read full story