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Surprise drop in UK manufacturing output unlikely to derail recovery, says NIESR

Surprise drop in UK manufacturing output unlikely to derail recovery, says NIESR National Institute of Economic and Social Research (NIESR) said the unexpected drop in production would weigh “only marginally” on the wider economy Angela Monaghan and Phillip Inman | The Guardian, Wednesday 9 July 2014 Britain’s economic recovery accelerated in the second quarter despite… Continue Reading

Unsuccesful challenge to order allowing sale of secured assets in UK administration

Unsuccesful challenge to order allowing sale of secured assets in UK administration July 4 2014 Key points When deciding whether to grant an order that administrators may sell secured assets as if they are not subject to security the court will: carry out a balancing….” http://www.lexology.com/library/detail.aspx?g=d1e05812-d0c9-4b50-8a5b-d6acaf7e2f11

Payday complaints double in two years, says watchdog

Payday complaints double in two years, says watchdog 07 JULY 2014 | BBC Complaints about payday loans have more than doubled in the last two years, according to the Financial Ombudsman. The service took on 794 new complaints in the year to April 2014, compared with 296 in 2012. The financial….” http://www.bbc.com/news/business-28199841

Middle-class forced out of UK private schools as fees soar 300% since ’90 – report

Middle-class forced out of UK private schools as fees soar 300% since ’90 – report 06 JULY 2014 | RT Private education, the former favorite of the British establishment, is becoming so expensive that it is now “increasingly unaffordable” to the UK professional classes, as school fees have risen by almost 300 percent in 20… Continue Reading

MF Global UK Ltd, Re Investment Bank Special Administration Regulations 2011 [2014] EWHC 2222 (Ch) (04 July 2014)

MF Global UK Ltd, Re Investment Bank Special Administration Regulations 2011 [2014] EWHC 2222 (Ch) (04 July 2014) Neutral Citation Number: [2014] EWHC 2222 (Ch) Case No: 9527 of 2011 IN THE HIGH COURT OF JUSTICECHANCERY DIVISIONCOMPANIES COURT Royal Courts of JusticeRolls Building,London, EC4A 1NL 04/07/2014 B e f o r e : MR JUSTICE… Continue Reading

Electrosteel Castings (UK) Ltd v Metalpol Ltd [2014] EWHC 2017 (Ch) (04 July 2014)

Electrosteel Castings (UK) Ltd v Metalpol Ltd [2014] EWHC 2017 (Ch) (04 July 2014) Neutral Citation Number: [2014] EWHC 2017 (Ch) Case No: 341 of 2014 IN THE HIGH COURT OF JUSTICECHANCERY DIVISIONLEEDS DISTRICT REGISTRY The Court HouseOxford RowLeeds LS1 3BG 4 July 2014 B e f o r e : His Honour Judge Behrens… Continue Reading

Statute barred, and then not?

Statute barred, and then not? Stephen Hunt | 07 JULY 2014 | LINKEDIN Griffins Insolvency, Litigation, Forensics Top Contributor Rule 13.12(1)(a)(ii) states that a debt to which a company is subject “in the case of a winding up which was immediately preceded by an administration, at the date on which a company entered administration”. We… Continue Reading

Jobs go as dealership shuts up shop

Jobs go as dealership shuts up shop Last updated: 3rd Jul 2014 | INSIDER MEDIA LIMITED A £26m-turnover car dealership in East Yorkshire has closed its doors after suffering “severe cashflow difficulties” with 65 staff being made redundant. Howard Smith and Jonathan Marston, from the Leeds office of KPMG, were appointed as joint administrators to… Continue Reading

STL stops trading with 85 redundancies after rescue talks fail

STL stops trading with 85 redundancies after rescue talks fail Last updated: 4th Jul 2014 | INSIDER MEDIA LIMITED A £10m-turnover electronics manufacturer in Devon has ceased trading and all 85 staff have been made redundant after rescue talks fell through at the last minute. Syntech SW collapsed on 3 July 2014 when Andrew Sheridan… Continue Reading

Liquidator appointed to dockers’ guild

Liquidator appointed to dockers’ guild Last updated: 4th Jul 2014 | INSIDER MEDIA LIMITED A guild established in the 1930s to support dock workers has entered liquidation. Matt Dunham of Smith & Williamson has been appointed to the Mersey Docks Board Staff Guild. The organisation’s assets, which….” http://www.insidermedia.com/insider/north-west/118349-liquidator-appointed-dockers-guild?utm_source=liverpool_newsletter&utm_medium=business_article&utm_campaign=liverpool_news_tracker