Insolvency
‘Bob the Builder’ holiday parks face fresh insolvency claims
An American real estate firm has reportedly appointed insolvency specialists to retrieve £300m from Robert Bull’s caravan park business.
Pub closures reach decade high amid rising interest rates
Two-hundred pubs entered insolvency in the first three months of 2023 – the highest quarterly figure recorded in a decade.
Amount restaurant owners lending to own businesses rises 12%
Hospitality needs immediate support to prevent a tidal wave of insolvencies
Number of hospitality company insolvencies up 59% in a year
UK restaurant insolvencies jump by 31%
A cashflow crisis brought on by Covid lockdowns has resulted in a 31% increase in UK[...]
How to balance a director’s duties in troubled times
With the suspension of wrongful trading laws coming to a close, Jonathan Cole explains how a[...]
Hotels need urgent support with more insolvencies and job losses likely this year
Insolvencies and job losses in the UK’s hotel sector are likely to increase through 2021 as[...]
More than three-quarters of hospitality businesses at risk of insolvency as sector left in ‘truly desperate position’
More than three-quarters of hospitality businesses in the UK are at risk of insolvency within the[...]
Wake-up call: What does the new Corporate Insolvency and Governance Bill mean for hospitality?
Now is a good time to learn about this new legislation, says Andrew Taylor."
Viewpoint: Landlords must share more of the pain
With insolvencies only set to increase following the June rent deadline, Phil Reynolds explains what options are available for struggling businesses
Winding-up petitions increase by 165% in 2020, with further surge expected when ban ends
The number of winding-up petitions issued against restaurants increased by 165% in the first four-and-a-half months of 2020, with a further surge expected when the government’s temporary ban is ended.
Advice: financial planning for after the lockdown and making sense of insolvency laws
Andrew Tate, partner and head of restructuring at accountant Kreston Reeves, explains what changes to the[...]
Insolvency rules to be relaxed during pandemic
The government is to change insolvency regulation to give firms more flexibility to handle the coronavirus[...]
Italian restaurant boss banned after failing to pay correct taxes
A restaurateur with an Italian eatery in Chingford, east London, has been banned for seven years[...]
London restaurateur banned for under-declaring income
The boss of Brasseria Timisoreana in London’s Edgware has been disqualified for seven years after deliberately[...]
Highest insolvency cost in seven years driven by hospitality
A total of £346.11m was paid out last year, the highest level since 2012, driven by hospitality business insolvencies."
Hotel insolvencies 'increased by 60% in 2019'
Hotel insolvencies in the UK hit a five-year high in 2019, rising by 60% to 144, according to research by accountancy group UHY Hacker Young.
Moffat House Hotel closes days before Christmas
The Moffat House Hotel in Dumfriesshire Scotland has closed just six days before Christmas, leaving 28 full and part-time staff out of work and Christmas lunch cancelled for over 50 diners
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