Thu, 10 Sep 2020 | BUSINESS NEWS
Fashion retailer New Look has increased pressure on landlords to accept a restructuring deal, after failing to attract a buyer. The company said that while there had been some interests in certain of its assets, no bid was receive... continue reading
Wed, 26 Aug 2020 | BUSINESS NEWS
Liverpool-based hotel firm Signature Living has said it has secured a deal to “protect all areas of [its] business and investors” and is looking to open four new hotels, creating 500 jobs. The company, owned by Lawrenc... continue reading
Fri, 21 Aug 2020 | BUSINESS NEWS
The Zurich-based parent company of student and youth travel agency STA Travel, which has 52 UK stores, has filed for insolvency and appointed an external administrator. Swiss holding company STA Travel Holding AG, which is owned b... continue reading
Wed, 12 Aug 2020 | BUSINESS NEWS
Retailer and wholesaler Baird Group, the license holder for brands including Suit Direct, Ben Sherman and Jeff Banks, has received creditor approval to proceed with a company voluntary arrangement (CVA). Around 94 per cent of the ... continue reading
Sat, 01 Aug 2020 | BUSINESS NEWS
The high number of deaths in care homes, combined with the reluctance of families to place elderly residents in care homes during the COVID-19 pandemic, means that many in the sector are now facing considerable financial distress.... continue reading
Tue, 14 Jul 2020 | BUSINESS NEWS
The temporary suspension of wrongful trading provisions introduced in March 2020 and initially set to run until 30 June 2020 will continue with the implementation of the Corporate Insolvency and Governance Act on 26 June 2020. Ho... continue reading
Thu, 09 Jul 2020 | BUSINESS NEWS
Chancellor Rishi Sunak has announced a £30 billion plan to prevent mass unemployment due to the impact of COVID-19, including a temporary VAT cut on food, accommodation and attractions from 20 per cent to 5 per cent. Sunak... continue reading
Thu, 09 Jul 2020 | BUSINESS NEWS
Department store chain John Lewis has said that eight of its stores will permanently close after the coronavirus pandemic accelerated the company’s shift from in-store to online retail. The company added that the stores in q... continue reading
Tue, 07 Jul 2020 | BUSINESS NEWS
Lancashire-based contractor Construction Partnership UK owed close to £11 million to creditors when it collapsed in April, according to a new report from administrators Duff & Phelps. The company’s administration was b... continue reading
Scottish accountancy firm Goldwells has expanded with the ac...
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