Tag: insolvency
US Company seizes Football club over large Unpaid Debt
US investment fund Oaktree Capital Management has taken control of Italian champions Inter Milan after the football club’s previous owners, Chinese conglomerate Suning International...
Retail Sector Insolvencies on the rise
According to new research by insolvency specialist RPC, in the past year the number of retailers entering insolvency has increased by 7% from 999...
Construction sector sees shocking Insolvency rise
According to new figures released by Creditsafe, insolvency within the construction sector in the UK has increased by 73.3% for Q1 in 2018. After the...
Why late payments are affecting SME’s
Every business whether it be large or small is effected by late payments and with many businesses being part of a supply chain and...
Insolvency expert predicts increased failure of companies in the south
Mr Robert Bajaj, a consultant solicitor with regional law firm Ellis Jones predict a rise in business failures across the South. Speaking at an insolvency...
Steep rise in Scottish Business Insolvency
New official statistics reporting insolvencies in Scotland have been released by Accountant in Bankruptcy (AiB) for the fourth quarter (January to March 2018) of...
Government eyes insolvency reforms
After the collapse of construction giant Carillion a consultation is being launched over planned action against “irresponsible” company directors, with the government planning insolvency...
Number of restaurants going bust increase by 20%
Research produced by Moore Stephens has shown that the number of restaurants going bust has increased by 20% in the past year. Stephens’s figures show...
Brit facing life sentence for unpaid cheques
Essentially life in prison in the UK or Europe is usually related to a serious violent crime, this is not the case in Qatar....
Rise of Business insolvencies expected in 2018
New statistics were released by The Insolvency Service on business insolvencies. These statistics demonstrate: • Company insolvencies increased in the last Quarter of 2017 because...
