Insolvency

News

‘Bob the Builder’ holiday parks face fresh insolvency claims

09 October 2023 by

An American real estate firm has reportedly appointed insolvency specialists to retrieve £300m from Robert Bull’s caravan park business.

News

Pub closures reach decade high amid rising interest rates

20 June 2023 by

Two-hundred pubs entered insolvency in the first three months of 2023 – the highest quarterly figure recorded in a decade.

UK restaurant insolvencies jump by 31% News

UK restaurant insolvencies jump by 31%

22 November 2021 by

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 Advice

How to balance a director’s duties in troubled times

06 May 2021 by

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 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[...]

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

Viewpoint: Landlords must share more of the pain

19 June 2020

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 News

Winding-up petitions increase by 165% in 2020, with further surge expected when ban ends

18 May 2020

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 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 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[...]

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[...]

Hotel insolvencies 'increased by 60% in 2019' News

Hotel insolvencies 'increased by 60% in 2019'

06 January 2020

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 News

Moffat House Hotel closes days before Christmas

24 December 2019

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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