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Insolvency

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Amount restaurant owners lending to own businesses rises 12%

05 December 2022 by

The amount that restaurant owners have been forced to lend to their own businesses to keep them afloat has risen 12% over the past year, a new study shows.

News

Hospitality needs immediate support to prevent a tidal wave of insolvencies

14 October 2022 by

Businesses closing down will have a ripple effect across the whole economy that will worsen and prolong the crisis, says Cory Bebb

Number of hospitality company insolvencies up 59% in a year News

Number of hospitality company insolvencies up 59% in a year

16 September 2022 by
Directors of £8.9m hotel room investment scheme disqualified for abusing trust of investors News

Directors of £8.9m hotel room investment scheme disqualified for abusing trust of investors

09 June 2022 by
UK restaurant insolvencies jump by 31% News

UK restaurant insolvencies jump by 31%

22 November 2021 by
How to balance a director’s duties in troubled times Advice

How to balance a director’s duties in troubled times

06 May 2021 by

Hotels need urgent support with more insolvencies and job losses likely this year News

Hotels need urgent support with more insolvencies and job losses likely this year

08 January 2021 by

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’ News

More than three-quarters of hospitality businesses at risk of insolvency as sector left in ‘truly desperate position’

04 August 2020 by

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? Advice

Wake-up call: What does the new Corporate Insolvency and Governance Bill mean for hospitality?

25 June 2020 by

Now is a good time to learn about this new legislation, says Andrew Taylor.

Viewpoint: Landlords must share more of the pain In-Depth

Viewpoint: Landlords must share more of the pain

19 June 2020 by

With insolvencies only set to increase following the June rent deadline, Phil Reynolds explains what options[...]

News

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. "

18 May 2020 by
Advice: financial planning for after the lockdown and making sense of insolvency laws News

Advice: financial planning for after the lockdown and making sense of insolvency laws

31 March 2020
by

Andrew Tate, partner and head of restructuring at accountant Kreston Reeves, explains what changes to the insolvency laws will mean to operators and how they should plan financially for the future.

Insolvency rules to be relaxed during pandemic News

Insolvency rules to be relaxed during pandemic

29 March 2020
by

The government is to change insolvency regulation to give firms more flexibility to handle the coronavirus crisis.

Italian restaurant boss banned after failing to pay correct taxes News

Italian restaurant boss banned after failing to pay correct taxes

18 March 2020 by

A restaurateur with an Italian eatery in Chingford, east London, has been banned for seven years[...]

London restaurateur banned for under-declaring income News

London restaurateur banned for under-declaring income

26 February 2020 by

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 News

Highest insolvency cost in seven years driven by hospitality

24 February 2020 by

A total of £346.11m was paid out last year, the highest level since 2012, driven by[...]

Hotel insolvencies 'increased by 60% in 2019' News

Hotel insolvencies 'increased by 60% in 2019'

06 January 2020 by

Hotel insolvencies in the UK hit a five-year high in 2019, rising by 60% to 144,[...]

News

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"

24 December 2019 by
Restaurant insolvency reaches record high as more than 1,100 businesses go bust Restaurant

Restaurant insolvency reaches record high as more than 1,100 businesses go bust

05 November 2018
by

Glasgow restaurant boss banned for hiring illegal worker Restaurant

Glasgow restaurant boss banned for hiring illegal worker

20 July 2018
by

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