Over 800 directors have been disqualified for abusing Covid loan scheme April 15, 2024 More than 800 directors have been disqualified for abusing Covid support schemes over the 2023-24 financial year following investigations by the Insolvency Service.
UK corporate health ‘stabilises’ as Germany remains ‘most distressed market’ in Europe April 11, 2024 The findings will boost confidence that the UK's corporate sector will face fewer pressures than last year, when 25,000 firms went bust.
US licensing partner joins race to buy up remaining assets of embattled Ted Baker April 10, 2024 Ted Baker’s American licensing partner is reportedly the lead contender to take control of the businesses embattled British arm.
Ted Baker: 245 jobs and 15 stores including London Bridge slashed by administrators April 8, 2024 Over 200 jobs and 15 Ted Baker stores have been terminated as part of its administrative process, in another blow to high street.
Retail apocalypse: More than 2,000 stores went bust as UK high streets suffer April 8, 2024 Over 2,000 retailers have gone bust in the last year, a new report has found, delivering another blow to the UK’s struggling retail sector.
Majestic saves Vagabond’s wine bars – but one London branch to shutter April 5, 2024 Retailer Majestic Wines has bought Vagabond Wines out of administration, saving nine of its wine bars from closure.
Mark Kleinman: Thames Water crisis drains confidence in privatised sector April 4, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the City talking in his weekly City A.M. column. This week he tackles Thames Water
Bidstack stays silent as investor anger grows over pre-pack administration deal April 4, 2024 The bosses of in-game advertising firm Bidstack have remained silent since buying the Aim-listed firm out of administration last month, fuelling anger among retail investors.
Thames Water owners to start urgent restructuring talks April 1, 2024 The owners of Thames Water will reportedly commence restructuring talks in the coming days as the embattled firm's parent company Kemble risks entering insolvency within weeks unless lenders agree to a debt-for-equity deal.
Japanese retailer Muji eyes up pre-pack administration deal to keep UK stores open March 28, 2024 Japanese retailer Muji is lining up a deal to sell itself out of administration in a bid to keep its UK stores open.