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Corporate


Debt woes strike pensioners

18 per cent of those planning to retire this year will have outstanding debts, averaging £31,200 each, according to figures released by Prudential. Read full story


Focus Insolvency Group acquires consultancy

Wigan-based insolvency firm Focus Insolvency Group has acquired Phil Stone Consultancy as a restructuring arm to support struggling businesses nationwide.

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Mental health charity targets college debtors

Teachers and lecturers at universities and colleges throughout the UK are being prioritised in a new bid to help reduce the rising tide of suicides and mental breakdown among debt-stressed students. Read full story


Project to assist 100,000 redundant staff

More than 100,000 workers facing redundancy have found alternative work more easily as a result of national public/private partnership project. Read full story


Deloitte appointed administrators to Blockbuster UK

Lee Manning, Matthew David Smith and Neville Kahn, have been appointed administrators to Blockbuster Entertainment Limited and Blockbuster GB Limited who trade as Blockbuster, the DVD and video games rental Company. Read full story


Deloitte issues formal HMV statement

A day after the news that Deloitte was to be appointed as administrator to HMV, the firm issued the following statement: Read full story


HMV enters administration, Deloitte appointed

HMV is to enter administration, after a final desperate attempt to refinance the company failed last night (Monday 14 January). Read full story


Small businesses in difficulty, R3

Small businesses are experiencing significantly higher levels of distressed compared to larger businesses according to R3’s latest Business Distress Index. Read full story


HJS Recovery at risk of losing case

HJS Recovery has confirmed it may have to stand down as liquidator of an education and training company after a new creditors meeting was announced under section 171 of the Insolvency Act. Read full story


Former HBOS managers charged in £35m corruption case

Eight people have been charged in relation to business loans of around £35m in value made through a Halifax Bank of Scotland (HBOS) branch. Read full story


Business minister confirms insolvency review

Business Minister Jo Swinson today announced a review that will ensure creditors achieve value for money from procedures carried out by insolvency practitioners. Read full story


Three arrested in LIBOR scandal

The Serious Fraud Office has confirmed three arrests over the fixing of the London InterBank Offered Rate (LIBOR). Read full story


BDO and PKF to merge

BDO and PKF (UK) have confirmed that a merger is to go ahead. Read full story


Insolvency Service bans property developer for tax dodge

A north London property developer has been banned for four years from acting as a company director for failing to pay £500,000 in tax. Read full story


AS 2012: Osborne isn't wavering, he’s drowning, says Balls

Shadow chancellor Ed Balls MP attacked George Osborne today for breaking his own fiscal rule on which the chancellor previously said “his entire creditability depended”. Read full story


AS 2012: Corporation tax cut and AIM consultation to begin

The chancellor is to look at changing the rules on investments held in Individual Savings Accounts (ISA), to encourage holding shares in companies listed on AIM – the Alternative Investment Market. Read full story


AS 2012: £77m committed to tax crackdown

The government is to splash out £77 million cracking down on tax avoidance in an attempt to raise extra revenue to close the deficit. Read full story


AS 2012: Osborne outlines additional burden from Northern Rock

Since early 2010, the private sector has created 600,000 more jobs than predicted and youth unemployment has been falling, Chancellor George Osborne MP stressed today. Read full story


AS 2012: Osborne forced to take seat by jeering MPs

Chancellor George Osborne MP was forced to take his seat at the beginning of the autumn statement today after opposition MPs jeered, prompting intervention from the Speaker. Read full story


Trade body collapses as money goes missing

A financial services trade body, set up to assist with international policy and regulation has gone insolvent after thousands disappeared from the organisation’s bank accounts without explanation. Read full story