Some of the latest businesses falling into administration are: The radio station Abbey FM in Cumbria. Staff were asked to leave for good at 3pm on Friday. Freeman & Proctor Ltd, the Warwickshire-based engineering firm. Makes pi...continue reading
In light of the recent freeze on credit and the effect this has had on UK business and consumer spending, some have begun to suggest we take lessons from the US on how they deal with insolvency. So, would adopting US practices off...continue reading
Following vocal complaints by groups of aggrieved creditors, any future pre-pack administrations will be closely scrutinised by the UK Insolvency Service. Pre-pack administrations have proved to be a fairly rapid way for companie...continue reading
A crackdown on insolvency regulations will come into effect from 1 January 2009 that will make it harder for some practitioners to quickly push through controversial sales of businesses in administration. The new statement of ins...continue reading
Now that the 'easy-credit' party is over and businesses are facing uncertainty in the face of a faltering UK economy, there will likely be extraordinary opportunities for entrepreneurs to buy distressed businesses. Rece...continue reading
Now that the 'easy-credit' party is over and businesses are facing uncertainty in the face of a faltering UK economy, there will likely be extraordinary opportunities for entrepreneurs to buy distressed businesses. Recen...continue reading
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