Bank of England: Economy resilient but full force of interest rates yet to come December 6, 2023 UK firms have shrugged off the worst of a rapid interest rate tightening cycle this year but the full force of hikes is yet to filter through to businesses, the Bank of England warned today.
Honest Burger locks horns with HMRC over tax bill December 3, 2023 Posh fast food chain Honest Burger was locked in a legal dispute with HMRC after a plea to get an extension on paying a tax bill was ignored, it has been revealed.
Record level of British haulage businesses going bust ‘at a rate unheard of’ November 29, 2023 British haulage businesses going insolvent has jumped over the last two years as the fallout of the UK economy has pushed business to go bust.
Signa: Selfridges owner files for insolvency in fresh blow for billionaire Benko November 29, 2023 Fears over the future of Signa have left many analysts speculating that it could lead to the sale of London's most iconic department stores.
Business closures surpass openings for the first time since 2010 as higher borrowing costs bite November 29, 2023 Business closures have overtaken openings for the first time since 2010, a report in the Financial Times analysis has suggested
Wilko ‘ran out of cash’. Former boss apologies to staff over collapse of chain November 28, 2023 The former boss of Wilko, Lisa Wilkinson, was pushed to offer an apology to the staff of the now-collapsed high street chain and admitted that she let her employees down.
Nipper’s back: HMV swings open the doors of historic Oxford Street store November 24, 2023 HMV is to swing open the doors of its historic Oxford Street store after a four-year absence, with the retailer’s boss saying it is a “great moment” in the chain’s recovery.
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.
Hunt lays out plans for sweeping pension consolidation to unlock start-up cash November 22, 2023 The Chancellor Jeremy Hunt has laid out plans to consolidate the fragmented pension market in the UK riday in a bid to channel potentially billions of pounds of capital into start-ups and listed companies.
Begbies predicts double-digit growth as insolvencies rise November 20, 2023 Begbies Traynor Group predicted double digit growth in both revenue and profitability, as the number of insolvencies continues to rise on tough market conditions. The company has not published any financial results but states it expects its revenue and adjusted operating profit to increase by 13 per cent. Last year, the company reported £58.5m in [...]