Insolvency

Insight / Ilkeston FC bought out of liquidation by Notts County FC owner

Non-league football club Ilkeston FC has been bought out of liquidation by Nottinghamshire businessman Alan Hardy, who also acquired League Two club Notts County in January 2017

Insight / Buyer found for weekly newspaper titles in administration

Chris Newell, a partner at corporate recovery and business advisory firm Quantuma, has been appointed administrator to Capital Media Newspapers Ltd, a London and Dorset weekly newspapers group, and has successfully sold some of the titles, saving the majority of the jobs in the business

Insight / FRP Advisory finds buyer for collapsed debt management firm

Anthony Collier and Ben Woolrych, partners at FRP Advisory, have been appointed joint administrators to Baines & Ernst Ltd, a Manchester-based debt management firm which got into financial difficulties, and have secured immediate transfer of the business to a new provider

Insight / Insolvency rates up among women and young people

Last year saw individual insolvency rates in the UK increase for the first time since 2009, with insolvencies amongst women and younger age groups showing the biggest rate of growth, according to figures from the Insolvency Service

Insight / SFP administrators rescue Fixing Centre

Administrators from insolvency practice SFP has sold Woking-based steel structures business Fixing Centre, saving 17 jobs, and staving off closure

Insight / Administration flushes out deal for poker players

Thousands of poker players look set to be on a roll, after administrators from RSM sold the assets of collapsed online gaming website PKR.com to another operator, opening the way for punters to recoup the losses they incurred when the business failed

Insight / Second-hand car dealer disqualified over £95k customer loss

The director of a used-car dealership in Kilmarnock has been disqualified for seven years for breaching consumer protection legislation, causing a loss to customers of some £95,000

Insight / Joinery company director nailed over £500k HMRC bill

The director of a joinery company has been banned for ten years after an Insolvency Service investigation discovered he was continuing to act as a director while disqualified, and owed HMRC some £500,000

Insight / SFP secures sale of insolvent carpentry business

An insolvent carpentry business in Ramsgate has been sold by administrators from SFP, saving all jobs

Insight / Leyton Orient FC saved by consortium led by Dunkin' Donuts CEO

East London football club Leyton Orient has been taken over by Eagle Investments 2017 Ltd, headed up by Nigel Travis, chairman and CEO Dunkin’ Donuts

Insight / FRP Advisory fashions owner for textile group in administration

Ben Woolrych and Russell Cash, partners at FRP Advisory, have sold out of administration the business and assets of Rochdale-based TBA Textiles Ltd to the Fothergill Group, securing on-going trading and all 57 jobs

Insight / Legal aid changes push law firm to administration

Gareth Harris and Keith Marshall, partners with RSM Restructuring Advisory, have been appointed joint administrators of the Yorkshire legal practice Unity Law Ltd, which hit financial problems following changes to the legal aid structure

Insight / Leyton Orient FC winding up order dismissed

Leyton Orient Football Club has avoided going out of business after the High Court dismissed a winding up order against it

Insight / RSM sews up deal for collapsed textile businesses

Jeremy Woodside and Chris Ratten, partners at RSM restructuring advisory, have been appointed joint administrators to a group of Lancashire textile businesses, which they have sold out of administration in a deal which saves over 100 jobs and maintains continuity of service to customers

Insight / Insolvent garage owner disqualified

A Welsh garage owner who traded while insolvent has been disqualified from acting as a director for seven years, after an investigation by the Insolvency Service found he owed HMRC around £90,000 in tax
Subscribe