insolvency News

New research on the consumer debt purchase industry quantifies market size, historical growth and forecasts, probes trends behind the figures, profiles leading companies and sets out value drivers.

Turnaround Management Association (UK) holds industry discussion with Private equity investors and lenders hosted by FRP Advisory

International Women’s Insolvency and Restructuring Confederation Recognizes and Celebrates Entry- to Mid-Level Illustrious Women

The announcement that the changes to the pre-pack administration process are to be delayed until next year has not come as a surprise to many, according to industry experts at the Business Sale Report (BSR).

North East Businesses are being urged by Latimer Hinks Law Solicitors to be aware of slow paying customers as they may push them in to debt. Businesses in debt should seek expert debt recovery and insolvency advice.

Latimer Hinks Solicitors, one of Darlington and County Durham’s longest established law firms, is urging firms suffering payment delays to avoid leaping into legal action unprepared.

Pallett Valo LLP named one of Ontario’s "Top 3" regional firms by Canadian Lawyer Magazine survey

Specialist Turnaround CEO Lists 4 Ways to Keep Businesses Viable

FRP Advisory Secures Future of CILT, the National Centre of Languages

Upmarket hotel and restaurant destination enters administration

A record number of people were declared insolvent in 2010 with more and more people struggling with debt problems and looking for specialist advice from companies such as Free Debt Advice.

Returning for its 8th year, the Advanced Contract Risk Management conference brings together the leading professionals in the industry to discuss the major issues that have developed over the last year to discuss the most pressing contract issues.

60-year-old company in South Wales enters administration

FRP Advisory LLP, the specialist restructuring, recovery and insolvency firm, has appointed Steve Stokes as an appointment taking director at its West Midlands location, based in Birmingham.

W A Hills Limited falls into administration, with appointment of FRP Advisory

CCj numbers have fallen by over a third and values have plummetted by nearly £300m at a time when debtor days are increasing. Customers and Suppliers are working with each other as opposed to taking recovery action that often leads to no reward.

Unemployment in Sussex will increase, warns the professional services sector

FRP Advisory teams up with Third Sector to ask finance professionals working in the not for profit sector about their key concerns as public spending cuts start to bite

TUPE will now apply to Prepack Administrations. This change is good news for employees but bad news for purchasers, Administrators and creditors of insolvent companies and could lead to an increase in liquidations.

FRP Advisory LLP, the specialist restructuring, recovery and insolvency firm, is expanding its national presence to the South West of England, with the opening of a new office in Bristol.

FRP Advisory appointed Joint Liquidators to C H Seymour Limited (also trading as Clear View and Top of the Town)

In the UK, the number of people on the verge of undergoing insolvency is on a steady increase. Consequently, it has necessitated the need to consult with insolvency practitioners in order manage debts amicably.

FRP Advisory LLP appointed Joint Administrators to PoleStar Foods Limited and Okehampton Desserts Limited

Specialists at Latimer Hinks Solicitors, one of Darlington and County Durham’s longest established law firms, believe communication can be the key to better debt management.

Living in debt is one of the worst practices that one can engage in as they could end up living a miserable life.

The festive season is fast-approaching and while kids are getting giddier by the day, Christmas can often bring a sense of sheer consternation for adults across the UK.

Appointment of City of London Boutique Restructuring Services Firm Resolve Partners LLP Adds Further Depth and Breadth to MSI Global Alliance’s UK Membership.

This conference will provide practical strategies and critical insights to minimizing cost and risks for restructuring in a challenging economic environment.

By Nick O’Reilly, Partner at FRP Advisory LLP, the specialist restructuring, recovery and insolvency firm.

Joint administrators, Jason Baker and Geoff Rowley of FRP Advisory, announce sale of Fusion Glass to Chelsea Artisans

According to the Insolvency Service, the number of personal insolvencies in England and Wales rose by five per cent in the second quarter of 2010 compared with the same period in 2009

FRP Advisory confirms sale of ESS serviced offices portfolio to Pure Offices

FRP Advisory LLP announces the appointment of Mr Nigel Guy as Non-Executive Chairman to the Board and Mr David Adams as a Non-Executive Board Member, with immediate effect.

Mark Gardner, insolvency expert at Latimer Hinks Solicitors, believes that desperation can lead to people finding themselves drawn into problems with unscrupulous debt management companies.

Simon Glyn, partner at FRP Advisory LLP, the specialist restructuring, recovery and insolvency firm, outlines the top 8 considerations managers/financial directors should consider before finalising their 2011 budgets.

FRP Advisory, the specialist restructuring, recovery and insolvency firm, facilitates the sale of the trade and assets of certain subsidiaries of Calyx Holdings Limited to a vehicle of Becap Fund LP, a dedicated fund of Better Capital Limited

The Calyx Group and its subsidiaries were placed into administration on 3 September 2010 with the appointment to the UK and Northern Ireland entities of Joint Administrators from FRP Advisory.

A recent poll by restructuring, recovery and insolvency specialists, FRP Advisory LLP, shows that the majority of professionals surveyed, in the financial and legal sectors, believe the worst effects of the recession are still with us.

Bar Vasa in Folkestone is open for business as usual, despite entering into receivership in June. FRP Advisory LLP appointed administrators.

Specialist restructuring, recovery and insolvency firm, FRP Advisory LLP, discusses HMRC's Business Payment Support Service, or TTP scheme.

“We welcome the announcement that the two directors of Wrapit have been disqualified for a total of 15 years by the Insolvency Service – they caused untold misery to engaged couples expecting gifts for their big day.

Latimer Hinks Solicitors Partner Mark Gardner has drawn up a ten-point action plan to help people survive the recession as massive job cuts and business closures loom.

Specialist restructuring, recovery and insolvency firm, FRP Advisory LLP, issues findings following survey of senior managers and partners from banks, commercial lenders and law firms.

FRP Advisory team members walk 100km's to raise money for Oxfam and the Gurkha Welfare Trust

Specialist restructuring, recovery and insolvency firm, FRP Advisory LLP, has announced it has secured the sale of the client portfolio of Aston Rothbury Factors to Bibby Financial Services.

Business failures in the retail sector last year hit record levels not seen since the 90s recession, according to the latest Industry Watch report by accountants and business advisors, BDO LLP and the Centre for Economics and Business Research (CEBR)

Bankruptcy is an option an individual in dire financial difficulty would be forced to take. This is considered as the last debt management tool or resort a debtor could ever take because of the stigma that comes with its implementation.

Businesses are cutting back on recruiting accounts staff, even though their role in keeping the cash flowing is more vital than ever.

Following calls from the Organisation for Economic Co-operation and Development (OECD) to raise interest rates to 3.5%, insolvency trade body R3 has traced the impact that rises would have on small businesses.

In his first major speech as Business Secretary, Vince Cable committed the government to taking a tougher line on parts of the banking system that have "not served enterprise in this country as well as they could".