Insolvency

Insight / Ice cream director scooped for accounting records failure

Robert Scappaticci, the director of a Manchester-based ice cream company, has been disqualified for six-and-a-half years for failing to ensure that the company maintained or preserved adequate accounting records

Insight / Changes to way Insolvency Service calculates holiday pay payments

The Employment Appeal Tribunal has made a decision which affects how the Insolvency Service’s redundancy payments service (RPS) calculates holiday pay payments

Insight / SFP pre-pack finds new owner for cash-strapped care homes

Insolvency practitioner SFP has completed a sale of the business and assets of South Yorkshire Care Ltd, which provided care for elderly and vulnerable residents and went into administration after falling into arrears with HMRC, safeguarding 100 jobs and the future of the homes

Insight / Bell Pottinger calls in BDO as administrators

Three partners at BDO have been named as administrators to PR firm Bell Pottinger which has collapsed after haemorrhaging clients following public condemnation of a highly controversial campaign the agency ran in South Africa

Insight / Cashflow problems terminal for software supplier

Donald McNaught, partner with Johnston Carmichael has been appointed as administrator to Edinburgh-based software developer Payfont Ltd, which has collapsed with the loss of all jobs

Insight / Leonard Curtis cooks up new owner for collapsed cake company

Andrew Duncan and Alex Cadwallader, directors at Leonard Curtis Business Solutions Group, have been appointed joint administrators to cake makers More Food Ltd, and have sold the company via a pre-pack deal, saving some 150 jobs

Insight / 50 jobs saved despite collapse of one of Scotland’s oldest law firms

Scottish law firm Thorntons has acquired the assets, goodwill and work-in-progress of Fife-based Pagan Osborne following the appointment on 1 September 2017 of Tom MacLennan and Iain Fraser, partners with FRP Advisory, as its joint administrators

Insight / RSM sells debt advisory firm out of administration

Sandy Kinninmonth, Lindsey Cooper and Chris Ratten, partners from RSM Restructuring Advisory have been appointed joint administrators of Debt Free Direct Ltd and have sold the business, safeguarding some 70 jobs

Insight / Moorfields fashions administration for Basler womenswear

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, which has been affected by financial difficulties at its German parent, putting some 100 jobs at risk

Insight / Oldham Evening Chronicle makes front page with administration news

Financial problems and a punitive pensions deficit at the Oldham Evening Chronicle has forced the local newspaper to close as administrators from KPMG are called in

Insight / Lights go out for Scottish electrical group

Donald McNaught, restructuring partner at Johnston Carmichael has been appointed as provisional liquidator of Vasanat International Ltd, trading as Scottish Electric Group, which has collapsed with the loss of 99 jobs

Insight / The Pensions Regulator to prosecute ex-BHS owner Dominic Chappell

The Pensions Regulator has confirmed it will prosecute former BHS owner Dominic Chappell over his role in the retailer’s collapse

Insight / Salad days over for Kent-based supplier in administration

Ian Vickers and Chris Stevens, partners at FRP Advisory, have been appointed as joint administrators to Southern Salads Ltd, which has ceased trading with immediate effect with all but a handful of its approximately 260 staff made redundant

Insight / Business goes ‘pop’ for disqualified fizzy drinks director

The director of a firm which traded in fizzy drinks, car parts and accident data has been banned for nine years, for failing to ensure the company kept adequate accounting records of its £2m-plus turnover

Insight / Failed finance transmission disqualifies TV company director

Bruce Pilley, a director of TVCatchup Ltd (TVC), has been given a nine-year director disqualification for failing to disclose the existence of a winding up order when negotiating a loan agreement
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