Exclusive data: 2024 sees rise of ESG, group actions and insolvency disputes December 18, 2023 London litigation lawyers predict environmental-related cases, group actions and insolvency disputes to increase next year. In exclusive data shared with City A.M. from the London Solicitors Litigation Association (LSLA), the majority of litigants surveyed (65 per cent) envisaged an increase in environmental/environmental, social, and governance (ESG) claims. John McElroy, a committee member of the LSLA [...]
Rising insolvencies have driven a surge in professional indemnity claims against accountants November 23, 2023 Professional indemnity claims have risen as accountants are placed into the firing line in insolvency cases.
Begbies Traynor boosted by collapse of Paperchase and host of insolvencies February 27, 2023 Restructuring specialist Begbies Traynor Group says its finances have been boosted by the collapse of Paperchase earlier this year. Begbies Traynor was appointed as administrator after the struggling stationery chain failed to secure any buyers. The retailer’s 106 branches could face closure after Tesco agreed to buy the brand but not its stores or workforce. [...]
Insolvencies jump 18 per cent in October as high rates squeeze firms November 14, 2023 The number of firms going bust in England and Wales has jumped yet again as the higher-for-longer interest rate environment continues to put pressure on businesses and consumers.
Get expert help with navigating financial and insolvency problems February 14, 2023 Has the pandemic or energy crisis hit you or your business hard? Are you in constant worry about how to navigate through the current climate? Unfortunately, when businesses are forced to close, the problems don’t often end there. If you’ve sadly had to close your business and you’re unsure how to pay your outstanding debt, [...]
Insolvency expert Manolete Partners reports revenue growth as higher interest rates bite April 18, 2024 Manolete Partners, the insolvency litigation financing company, overall revenue jumped by 26 per cent, as the business benefits from uplift of the temporary suppression of insolvencies.
Retail: Insolvencies expected to ‘uptick’ as market consolidates amid Superdry and Ted Baker trouble February 12, 2024 Less than two months into 2024 and six UK retailers have already gone bust, with a further two warning they may fall into trouble, as experts warn the market will “continue to see an uptick in insolvencies”. According to figures from Centre of Retail Research, over 400 job roles have been impacted by retailers shutting [...]
Government won’t create single insolvency regulator in its industry overhaul September 12, 2023 Insolvencies will not be regulated by a single body, after the government dropped plans to create a solo watchdog for the sector. Ministers had proposed setting up a single regulator of insolvency practitioners to run within the insolvency service – but have since reversed on the idea. The move comes as high street retailer Wilko [...]
Post Office warned it could face insolvency over £100m tax bill January 14, 2024 Fears over the Post Office’s finances are growing as it emerged it claimed tax relief on compensation payouts.
Post Office could face £100m bill and insolvency, tax expert says January 13, 2024 The Post Office could be facing a £100 million bill and insolvency after claiming tax relief for its compensation payments to subpostmasters, according to a tax expert.