Restructuring and Turnaround

Insolvency Notices: Appointment of Administrators Notices – September 2016

Appointment of Administrators Notices – September 2016 Administration notices have been issued and advertised in the London Gazette  for the following companies: 247 TRANSPORTER LTD LSC 4CHILDREN (TRADING) LTD ‎A-B-A-C-U-S FRANCHISING COMPANY LTD AAC MECHANICAL & ELECTRICAL LTD ‎ACORN SHIPYARD LTD ‎ ALAN KIRKHAM LTD ALATAS ENGINEERING LTD ‎ ALBEMARLE SHOREHAM AIRPORT LTD AUTO FUEL FIX…

Insolvency Notices: Winding Up Petitions – September 2016

Winding Up Petitions (Companies) Notices – September 2016 Petitions have been issued and advertised in the London Gazette for the following companies: 13LAB EDITION LTD ABBEY ROSE INVESTMENTS LTD ABBEY SURFACING AND CONSTRUCTION LTD ‎ABLE BUSINESS SERVICES CLEANING SOLUTIONS LTD ‎ADCOCK CONSTRUCTION LTD ‎ADVANCE ROBOTIC TECNIK LTD ‎AFFORDABILITY SOLUTIONS LTD ‎AGA LONDON LTD ‎AGWM LTD…

Moore Stephens announces annual revenues

Moore Stephens LLP has published it’s annual company results and has announced revenues of £105.5million, representing 14% growth on the previous combined year’s figures and over £13million of new business. The firm, which is the largest member of the Moore Stephens UK network, merged with Chantrey Vellacott DFK LLP in May 2015. The strong organic growth,…

CVR Global appoints new Partner

CVR Global has appointed Simon Lowes to its partner team. Lowes is a licensed insolvency practitioner with more than 30 years of experience in the insolvency and business recovery sector. He joins Matthew Fox as CVR Global’s second partner based in Southampton. Matthew Fox, Partner at CVR Global, said: “Simon is a highly experienced insolvency practitioner who…

HMRC business asset seizures up 145% in a year

Research from Funding Options has announced that the number of businesses whose assets were seized by the HMRC in order to settle outstanding debts grew sharply in the last year is up 145%, from 649 in 2014/15 to 1,592 in 2015/16. Funding Options adds that HMRC seized assets to recover £42.6m of outstanding debt in the last…

UHY Hacker Young appoints new Partner

UHY Hacker Young has announced the appointment of Martin Jones as a new Partner in its London audit and assurance team. Laurence Sacker, Managing Partner of UHY Hacker Young, says: “We are delighted to have Martin join the UHY Hacker Young team at our London office. Martin’s specialist knowledge and international experience will be highly valuable…

Construction firms top Insolvency list in Q1

The construction sector saw the highest number of company insolvencies in the first quarter of the year, despite numbers falling year-on-year, latest data from the Insolvency Service has shown. In total 672 construction firms went bust in England and Wales between January and March, outstripping other sectors such as the ‘wholesale and retail trade; repair…

Start Up Loans scheme turns almost a third of money lent into bad debt

Figures released by the British Business Bank following a Freedom of Information request by the Press Association has found that a third of the public money lent to start up businesses has become bad debt. The Start Up Loans scheme has seen £72.4 million worth of loans written off or fall into default since the programme was launched…

Billions written off by UK businesses each year

http://www.cityam.com/248074/small-businesses-lost-6bn-last-year-not-chasing-bad-debts

Moore Stephens appoint new Partner

Accountancy firm Moore Stephens has appointed Lee Causer as partner working in its restructuring and insolvency team.  

Accountant in Bankruptcy adds two members to its board

Accountant in Bankruptcy (AiB) has appointed Bryan Jackson and Laurie Manson to join AiB as non-executive board members. Both will offer independent professional expertise to the Executive Agency of the Scottish Government. AiB is Scotland’s insolvency service and is responsible for administering the process of personal bankruptcy, the Debt Arrangement Scheme (DAS) and recording corporate…

Hopes for BHS rescue fade as administrators prepare to shut 20 stores

https://www.theguardian.com/business/2016/jul/15/hopes-for-bhs-rescue-fade-as-administrators-prepare-to-shut-20-stores

Menzies and Harris Lipman merge and will keep the Menzies name