Fintech boss outlines industry’s Spring Statement needs March 20, 2025 With the Chancellor’s Spring Statement under a week away, a fintech boss has laid out how the government must support the industry. Laurent Descout, co-founder and chief executive of payments platform NEO, said Rachel Reeves must prioritise support for the fintech sector through two key areas: university funding and helping small and medium-sized enterprises (SMEs). [...]
Insolvencies rise in February as low confidence begins to bite March 18, 2025 More than 2,000 companies filed for insolvency in February as a growing number of firms struggle to cope with soaring taxes and high inflation. Business confidence has tumbled with companies preparing for the worst before Chancellor Rachel Reeves‘ £40bn tax raid comes into effect next month. But the latest data from the Insolvency Service showed [...]
Founder of whisky investment firm Hackstons tied to notorious ‘Wolf of Wall Street’ wine scam March 13, 2025 A high-flying salesman who made millions during his time at a business that was subsequently exposed as a notorious wine scam is now running a West End whisky investment firm having changed his name, City AM can reveal. Alphie Valentine, 41, is the co-founder and director of Hackstons, whose flagship store opened in Knightsbridge in [...]
Number of AIM-listed firms sinks to lowest level since 2001 March 11, 2025 The number of companies on the Alternative Investment Market (AIM) has sunk to its lowest level since 2001 after a blitz exodus in the last 12 months. 71 companies departed London’s junior stock exchange since February 2024, according to data from UHY Hacker Young. The number of IPOs also fell to their lowest levels since [...]
UK insolvency rules are trapping firms between Scylla and Charybdis March 7, 2025 Outdated insolvency rules such as TUPE are disincentivising rescues of UK companies in irony worthy of the Greeks, writes Stephen Phillips.
Insolvencies rise at start of 2025 as businesses brace for extra costs February 18, 2025 The number of insolvencies rose at the start of the year, in a sign that UK businesses continue to struggle ahead of a looming increase in employment costs.
Pret A Manger hit with winding up petition by water company February 14, 2025 Pret A Manger has been hit with a winding up petition by a business water supplier over unpaid debts
Clashes, drama and heaps of debt: Inside the dramatic collapse of RBG Holdings February 14, 2025 Trading suspended, lawyers fleeing and pending insolvency. What happened at the listed legal business RBG Holding?
F1 scam firm wound-up over British Grand Prix hospitality ticket sham February 13, 2025 A scam company which targeted the sale of hospitality packages they didn’t have for the Formula 1 British Grand Prix has been wound up. Foresea Limited is connected with a trio of other businesses shut by the Insolvency Service, with this firm wound-up at the High Court this week. The firm was found to have [...]
Row erupts over bid to resurrect London Irish February 12, 2025 London Irish administrators and former frontrunner Daniel Loitz are at loggerheads over the breakdown of the German’s proposed deal to buy the stricken rugby club. Sources close to the deal claim that Loitz had months – including an exclusivity period – in which to finalise a purchase with the ReSolve Group, which was appointed when [...]