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Fall in insolvencies hits Begbies Traynor

Fall in insolvencies hits Begbies Traynor Last updated: 9th Jul 2014 | INSIDER MEDIA LIMITED Adjusted profit before tax has fallen at business recovery group Begbies Traynor after a drop in corporate insolvencies. The group has posted an adjusted pre-tax profit of £5m for the year to 30 April 2014 – compared with £6.7m last… Continue Reading

All staff made redundant at coach maker

All staff made redundant at coach maker Last updated: 11th Jul 2014 | INSIDER MEDIA LIMITED A North Yorkshire designer and manufacturer of coaches, buses and specialised access vehicles for the public sector has ceased trading with its entire workforce being made redundant. Bluebird Vehicles, which attracted….” http://www.insidermedia.com/insider/yorkshire/118859-all-staff-made-redundant-coach-maker?utm_source=yorkshire_newsletter&utm_medium=top_story_article&utm_campaign=yorkshire_news_tracker

Seaside towns, North East and South West remain personal insolvency hotspots – R3 comment

Seaside towns, North East and South West remain personal insolvency hotspots – R3 comment 10 July 2014 |  R3 – THE TRADE BODY FOR INSOLVENCY PROFESSIONALS R3 – the trade body for Insolvency Professionals Media Statement 10 July 2014Seaside towns, North East and South West remain personal insolvency hotspots Torbay is England & Wales’ local… Continue Reading

Montgomery Furnishings enters administration

Montgomery Furnishings enters administration Last updated: 10th Jul 2014 | INSIDER MEDIA LIMITED Curtain manufacturer Montgomery Furnishings has entered administration less than a year after being rescued by a2e Venture Catalysts. An onerous trading arrangement inherited by the buyer and issues with HM Revenue & Customs (HMRC) led to the administration,….” http://www.insidermedia.com/insider/north-west/118760-montgomery-furnishings-enters-administration?utm_source=nwales_cheshire_newsletter&utm_medium=manufacturing_article&utm_campaign=nwales_cheshire_news_tracker

Fall in insolvencies hits Begbies Traynor

Fall in insolvencies hits Begbies Traynor Last updated: 9th Jul 2014 | INSIDER MEDIA LIMITED Adjusted profit before tax has fallen at business recovery group Begbies Traynor after a drop in corporate insolvencies. The group has posted….” http://www.insidermedia.com/insider/national/118643-fall-insolvencies-hits-begbies-traynor?utm_source=northwest_newsletter&utm_medium=business_article&utm_campaign=northwest_news_tracker

Rescue deal for Coalville hotel

Rescue deal for Coalville hotel Last updated: 9th Jul 2014 | INSIDER MEDIA LIMITED A three-star hotel in Coalville has been bought out of administration after Grant Thornton oversaw a rescue deal. Raj Mittal and Nigel Morrison….” http://www.insidermedia.com/insider/midlands/118622-rescue-deal-coalville-hotel?utm_source=eastmidlands_newsletter&utm_medium=deals_article&utm_campaign=eastmidlands_news_tracker

Support to aid rescue of viable insolvent businesses

Support to aid rescue of viable insolvent businesses Last updated: 9th Jul 2014 | INSIDER MEDIA LIMITED Proposals to ensure that insolvent businesses continue to receive essential supplies from the IT and utility sectors to aid business recovery have been announced in a new consultation. Launched by business minister….” http://www.insidermedia.com/insider/national/118626-?utm_source=liverpool_newsletter&utm_medium=business_article&utm_campaign=liverpool_news_tracker

Debtor’s late challenge to English Individual Voluntary Arrangement fails

Debtor’s late challenge to English Individual Voluntary Arrangement fails July 4 2014 Key Point Neither failure to obtain debtor’s consent to modifications to an IVA proposal, prior to the creditors’ meeting; nor the unauthorised exercise….” http://www.lexology.com/library/detail.aspx?g=d5905614-0cca-409d-939e-5371537c5915

Lloyds Bank cuts 500 UK jobs, union accuses it of "salami slicing"

Lloyds Bank cuts 500 UK jobs, union accuses it of “salami slicing” By Reuters | 9 Jul, 2014 | ECONOMIC TIMES LONDON: Lloyds Banking Group is cutting 500 jobs in Britain, mostly in its finance and retail operations, to take cuts in the last three years to more than 13,000. The bank said on Wednesday… Continue Reading

Reform of ‘continuity of supply’ rules to benefit UK business rescue climate – R3

Reform of ‘continuity of supply’ rules to benefit UK business rescue climate – R3 8 July 2014 Responding to the government’s plans to consult on proposals to require utility companies and other key suppliers to continue to supply insolvent companies (announced today), R3 President Giles Frampton says:“Contract cancellations and ‘ransom’ charges which take effect on… Continue Reading