Thu, 12 Sep 2013 | BUSINESS NEWS
Black taxi manufacturer, Manganese Bronze, entered administration in October of 2012 but after buying the distressed business, Chinese company Geely has finally started to turn around its fortunes for the better.
Geely took owner... continue reading
Tue, 27 Aug 2013 | BUSINESS NEWS
The number of estate agencies entering insolvency has increased by 57 per cent over the course of the past year, according to a recent report.
Compiled by accountants Wilkins Kennedy, the study showed that 77 estate agents folded... continue reading
Sat, 27 Jul 2013 | BUSINESS NEWS
Those looking to sell an IT business might be interested to learn that a global IT business is on the hunt for acquisitions.
Advanced Digital Dynamics (ADD), an IT distributor based in Harrogate, specialises in computer hardware ... continue reading
Mon, 10 Jun 2013 | BUSINESS NEWS
Pub company Punch Taverns is looking to restructure the business or risk having to sell off pubs or enter administration.
Punch Taverns is the biggest leased pub company in the UK and has over 4,200 pubs nationwide. The Sunday Ti... continue reading
Wed, 27 Feb 2013 | BUSINESS NEWS
The government has written proposals to put a stop to suppliers taking advantage of struggling businesses that have entered insolvency.
At the moment suppliers – of utilities and IT services for example – can terminat... continue reading
Fri, 15 Feb 2013 | BUSINESS NEWS
Stricken retail chain Republic, which was put into administration earlier this week, has launched a sale, cutting the price of all stock by between ten and 20 per cent.
Confirmation of the discount was given by the staff, while t... continue reading
Wed, 23 Jan 2013 | BUSINESS NEWS
Hilco has purchased HMV's debt and taken control of the retailer, it has been confirmed.
The business, which already owns HMV Canada, bought the debt from Lloyds and the Royal Bank of Scotland, in a debt deal with the banks ... continue reading
Mon, 10 Sep 2012 | BUSINESS NEWS
The Yellow Pages appear to be struggling to keep on top of its game as its creditors are looking to seize control of the publisher.
Hibu – formerly known as Yell - currently has heavy debts and is finding it difficult to ge... continue reading
Mon, 25 Jun 2012 | BUSINESS NEWS
Insolvency body R3 has warned that the quarterly rent due day this week could force several more retailers into administration.
Shopkeepers will be expected to hand over three months’ rent in advance this week to landlords.... continue reading
Thu, 26 Apr 2012 | BUSINESS NEWS
About 400 Scotland-based businesses have failed so far this year, the Accountant in Bankruptcy (AiB) has found out.
A total of 385 notices of Scottish-registered firms entering receivership or being made insolvent, were received ... continue reading
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Government reverse-turns on small business filing requirement rules | BUSINESS NEWS
Ministers are set to shelve reforms to Companies House filin...
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Energy services firm completes third acquisition | BUSINESS SALE
Energy services firm Earnz plc has completed its third acqui...
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Newcastle life sciences firm falls into administration and ceases trading | ADMINISTRATION
AMLo Biosciences, a life sciences firm based in Newcastle, h...
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