Credit, Collections & Insolvency News
In its latest report Brexit: implications for financial reporting, ICAEW’s Financial Reporting Faculty suggests that UK plc should continue to apply internationally-accepted accounting standards if the UK wishes to retain its status as a major global financial centre. However, learning from the experience of the EU and other IFRS (International Financial Reporting Standards) jurisdictions, it…
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The Lord Chancellor has rejected a bid by the ICAEW (Institute of Chartered Accountants in England and Wales) to regulate reserved legal services. Lord Chancellor, David Lidington rejected the ICAEW’s application to become an approved regulator and licensing authority for the six remaining reserved legal services, despite the backing by the Legal Services Board (LSB).…
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Two North West insolvency advisors have joined forces to launch a new corporate restructuring and turnaround practice. Dunham Dean has been set up by Matt Dunham and John Dean, who between them have over 50 years’ experience in turnaround and finance. The firm, which has offices in Liverpool’s Brunswick Dock and Appley Bridge, near Wigan,…
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Kingston Smith’s corporate recovery and insolvency arm, Kingston Smith & Partners, has recruited Dale Hernon as Head of Client Services. Hernon joins the firm from Begbies Traynor where he led the group to second in personal insolvency appointment rankings, based on statistics recorded by The Insolvency Service. He brings with him his colleague Daniel Bodgi. Kingston…
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Accountant in Bankruptcy(AIB) has announced that paper bankruptcy applications are to end with all debtor applications to move online from September 2017. From 30 September 2017, money advisers and insolvency practitioners working on behalf of debtors will no longer be able to submit bankruptcy applications on paper forms, with the whole process moving online. Not only…
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Credit management firm Anglia UK is further expanding its fleet of trucks in response to growing demand for its transport services. Following a number of new business wins, four custom-built Mercedes trucks have been added to the fleet. The new trucks – supplied by Intercounty Truck & Van Limited and customised by the Roger Dyson…
Read moreAudit, tax and consulting firm RSM has appointed Chris Hardy as a partner in its restructuring advisory practice. Hardy joins RSM from Close Brothers Invoice Finance where he was a regional director responsible for invoice finance and asset based lending teams across London, the South East and East Anglia. Prior to that he held positions…
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Moore Stephens has announced that has become a Corporate Partner of the Chartered Institute of Credit Management (CICM). The company has a network of offices throughout the UK. Its clients range from individuals and entrepreneurs, through to large organisations and complex international businesses. Brendan Clarkson, Head of the National Creditor Services team at Moore Stephens…
Read moreBusiness rescue and recovery specialist, Begbies Traynor has appointed Kris Wigfield as Partner in its Sheffield office. Wigfield joins Begbies from Wilson Field, where he acted as its Sheffield-based national head of sales for five years, qualified accountant and insolvency practitioner. Julian Pitts, regional managing partner for Begbies Traynor in Yorkshire, said: “We are really…
Read moreHilco Valuation Services has announced the appointment of Nat Baldwin as Director of Intellectual Property (IP) Services Europe. Baldwin will assume business development responsibility for the United Kingdom and European intellectual property appraisal and disposal practice at Hilco Valuation Services, assisting clients in identifying, preserving, and extracting value from these key assets within corporate transactions.…
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Arron Kendall and Simon Thomas, Partners at Moorfields Advisory have been appointed joint administrators of the UK arm of upmarket women’s fashion brand Basler. Basler UK is a subsidiary of the long-established Basler Fashion Group GmbH, which is headquartered in Goldbach, Germany, and also operates in the United States, Australia and throughout Europe. Since May…
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Andrew Duncan and Alex Cadwallader, Directors at Leonard Curtis have been appointed joint administrators to cake makers More Food. Chichester-based More Food specialised in the creation and supply of handmade cakes and tray bakes to a wide range of customers, including local bakeries, major retailers, such as Budgens and Waitrose as well as international sandwich shop…
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Research by Ferguson Litigation Funding (FLF), has found that, 18-months after the removal of the exemption from the Legal Aid. Sentencing and Punishment of Offenders Act 2012 (LASPO), 93% of Insolvency Practitioners say they are more likely to seek third party litigation funding, as supported by the Statements of Insolvency Practitioners (SIP) 2 para 11. However, 75%…
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