KPMG spin-out Interpath Advisory makes third loss in four years as sale revealed Prof Services KPMG’s former UK restructuring division, Interpath Advisory, has fallen to its third loss since breaking away from the Big Four firm in 2021, it has been revealed. The business has reported a pre-tax loss of £11m for the 12 months to 28 March, 2025, new accounts filed with Companies House show. That comes after Interpath [...]
River Island saved from brink of administration but stores to close Retail High street retailer River Island has been saved from the brink of administration after a High Court judge approved its restructuring plan
Simmons: Bar chain owed millions to OakNorth, tax collectors before entering administration hospitality Simmons owed millions of pounds in debts to OakNorth bank and tax collectors before it was put into administration, fresh corporate documents have revealed. The London-based cocktail bar chain has made at least 30 staff redundant alongside closing several sites as founder Nick Campbell battled to secure rescue funding to buy the company in a [...]
What happened to River Island? June 26, 2025 River Island is suffering from a common affliction. Declining sales and an inability to keep up with competition have led to a restructuring plan, with imminent store closures if the strategy goes ahead. High-street peers like Miss Selfridge, Dorothy Perkins and Debenhams have already disappeared and become online-only – River Island is just the “latest [...]
Santander to spin off motor finance division from UK business April 22, 2025 Santander is poised to spin off its litigation-hit motor finance division as part of a major overhaul of its UK operations. The Spanish lender has sought permission from regulators to separate its car loan business, which is facing a near-£300m payout as part of the ongoing motor finance scandal, from the rest of its British [...]
Direct Line to report interim results in indication of turnaround plan September 1, 2024 Direct Line shareholders will get an early sign of whether the insurer’s turnaround plan is beginning to bear fruit as it posts its interim results on Wednesday. Shares in the insurer, which owns Churchill, Privilege and the breakdown recovery provider Green Flag, are down 12 per cent since May and its long-term record makes for [...]
Anglo American: Slowdown at Yorkshire site causes hefty write down July 25, 2024 A set back in one of its Yorkshire crop nutrients facilities dragged on Anglo American's first set of results since shrugging a off a takeover attempt from Australian rivazl BHP.
Double-digit growth for Begbies Traynor as business recovery booms May 21, 2024 Professional services restructuring specialist Begbies Traynor reported that revenue will increase by double-digits as the tough economy creates work for the firm
Revolution Bars confirms meeting with peer Nightcap over possible sale May 2, 2024 Revolution Bars has today confirmed speculation that it had held a meeting with competitor Nightcap regarding a possible sale.