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 [...]
DCMS issue insolvency threat to rugby clubs over Covid-19 loans February 10, 2025 Rugby clubs have been warned after the Department of Culture, Media and Sport (DCMS) said it “wouldn’t hesitate” to use “all financial levers” available to recover loan payments owed by sports organisations from the pandemic. Those powers could see the government department aid in forcing insolvency on sports clubs to ensure the taxpayer recoups the [...]
Government implements alcohol tax reliefs but critics say it’s not enough January 31, 2025 The government has implemented two tax reliefs aimed at growing the UK’s alcohol sector, although critics have said they won’t be enough to offset other cost hikes this year. Labour will implement a draught relief increase, cutting 1p duty off draft pints, as well as small producer relief, which the government said will help small [...]
Britain’s independent brewers hit record turnover as small firms flounder January 30, 2025 Turnover of the UK’s top 25 independent breweries hit a record high of £1.72bn in the last year although there was a higher rate of insolvencies for small brewers, according to new data. The figure was up nine per cent year on year, according to national accountancy group UHY Hacker Young. The record turnover was [...]
British Council could ‘disappear’ in a decade without financial help, boss warns January 25, 2025 The British Council could “disappear” within the next decade without urgent government intervention, the organisation’s chief executive has said. Scott McDonald, the boss of the UK’s international organisation for cultural relations, warned the council’s presence in up to 40 countries was in jeopardy without financial guarantees from the government. “I think we would be in [...]
The Week in Business: Reeves tries to rescue the non-doms January 24, 2025 It’s a funny old world when the pleas of pensioners, farmers and shopkeepers fall on deaf ears but a Labour chancellor flies to Davos to break the news that she’s “listened to the concerns of the non-dom community” – and will be watering down her assault on their tax arrangements. Let’s take a look at [...]
Firms finding it ‘almost impossible’ to survive after Labour tax hikes January 24, 2025 Less than three months after the Budget, critical financial distress for UK businesses climbs by 50 per cent, with the construction sector leading the table
Crafter’s Companion: Huge debts revealed at firm rescued by Dragons’ Den star Sara Davies January 23, 2025 Crafter’s Companion, the company started by Dragons’ Den star Sara Davies while at university, owed almost £20m when it collapsed into administration earlier this month before being rescued, it has been revealed. The company appointed Interpath to oversee the process on 7 January in a move which has led to its Barlborough store closing and [...]