Leicester City set to appoint Deloitte
Business Recovery

Leicester City set to appoint Deloitte

24y Larry Schlesinger

Leicester City set to appoint Deloitte

Cash strapped first division football club Leicester City is set to appoint Deloitte & Touche as administrator. Read More...

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MyTravel unlikely to restate previous accounts
Business Recovery

MyTravel unlikely to restate previous accounts

24y Larry Schlesinger

MyTravel unlikely to restate previous accounts

Struggling tour operator MyTravel is 'unlikely to restate accounts' for previous years as a financial and commercial review of its operations continue...

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Leicester City petitions for administration
Business Recovery

Leicester City petitions for administration

24y Damian Wild

Leicester City petitions for administration

Troubled first division football club Leicester City was this morning placed in administration. Read More...

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Administration threat hangs over Leicester City
Business Recovery

Administration threat hangs over Leicester City

24y Larry Schlesinger

Administration threat hangs over Leicester City

Cash-strapped first division football club Leicester City is to meet with the Professional Footballers Association tomorrow to negotiate a possible re...

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Enterprise Bill to kick-off parliament
Business Recovery

Enterprise Bill to kick-off parliament

24y our parliamentary staff

Enterprise Bill to kick-off parliament

The new parliamentary year begins with the House of Lords considering the government's Enterprise Bill which will make far reaching changes to insolve...

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A closer look at British Energy
Business Recovery

A closer look at British Energy

24y Philip Smith.

A closer look at British Energy

A privatised company, of national importance finds that its costs far outweigh its income. Read More...

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ITV Digital claims new victim
Business Recovery

ITV Digital claims new victim

24y Philip Smith.

ITV Digital claims new victim

The collapse of ITV Digital claimed another victim last week as Barnsley FC was forced to put up 'for sale' signs following a cashflow crisis. Read Mo...

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Business failures rocket
Business Recovery

Business failures rocket

24y Philip Smith.

Business failures rocket

The number of businesses collapsing has jumped to nearly 33,000 so far this year, fuelling fears of an economic slowdown. According to D&B - formerly ...

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News in brief: Railtrack's end in sight
Business Recovery

News in brief: Railtrack's end in sight

24y Accountancy Age

News in brief: Railtrack's end in sight

Railtrack finally came out of administration last week, almost a year after the then transport secretary Stephen Byers pulled the plug on the ailing r...

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Claims Direct comes under DTI spotlight
Business Recovery

Claims Direct comes under DTI spotlight

24y David Rae

Claims Direct comes under DTI spotlight

The receivers of Claims Direct, the personal injury specialist which collapsed in July, will report on the company to the Department of Trade and Indu...

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Daewoo administrators to cut jobs
Business Recovery

Daewoo administrators to cut jobs

24y Gavin Hinks

Daewoo administrators to cut jobs

Maggie Mills and Richard Fleming from Ernst & Young have been appointed administrators of car manufacturer Daewoo and immediately annnounced that redu...

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Advertising man rescues Non-League Paper
Business Recovery

Advertising man rescues Non-League Paper

24y Larry Schlesinger

Advertising man rescues Non-League Paper

Chris Ingram, the former chairman and founder of Tempus (now part of WPP), has bought weekly football newspaper, the Non-League Paper, from administra...

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Barnsley FC forced into administration
Business Recovery

Barnsley FC forced into administration

24y Paul Grant

Barnsley FC forced into administration

Nationwide division two football club Barnsley FC has become the latest team to suffer from the fall-out of the ITV Digital collapse after it was plac...

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Ex-Global Crossing chief pledges $25m
Business Recovery

Ex-Global Crossing chief pledges $25m

24y David Rae

Ex-Global Crossing chief pledges $25m

Gary Winnick, the chairman of bankrupt telecoms operator Global Crossing stunned US courts yesterday by offering $25m (£16m) to cover the losses of th...

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Equitable Life denies administration talks
Business Recovery

Equitable Life denies administration talks

24y Larry Schlesinger

Equitable Life denies administration talks

Troubled life insurance group Equitable Life has dismissed reports it is close to appointing Deloitte & Touche as administrator. Read More...

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More UK companies failing in 2002
Business Recovery

More UK companies failing in 2002

24y David Rae

More UK companies failing in 2002

Business failure rates continue to climb as the number of insolvencies in the third quarter of 2002 increased 16% over the same period last year. Read...

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Government bail out buys time at British Energy
Business Recovery

Government bail out buys time at British Energy

24y Philip Smith.

Government bail out buys time at British Energy

British Energy narrowly avoided pulling the plug on its power stations yesterday after winning a further £240m from the government. Read More...

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Asbestos claims: Adding insult to injury
Business Recovery

Asbestos claims: Adding insult to injury

24y Adriana Zea

Asbestos claims: Adding insult to injury

US insolvency laws are preventing UK asbestosis sufferers from receiving compensation from a bankrupt car parts giant. Read More...

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Watford FC cuts salaries to avoid collapse
Business Recovery

Watford FC cuts salaries to avoid collapse

24y Larry Schlesinger

Watford FC cuts salaries to avoid collapse

Nationwide football club Watford FC has been forced to take a number of drastic financial measures including asking players to take a 12% wage cut to ...

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Qwest forced to restate accounts by £1bn
Business Recovery

Qwest forced to restate accounts by £1bn

24y AccountancyAge.com

Qwest forced to restate accounts by £1bn

Troubled US telecoms giant Qwest may have to restate costs and revenues by as much as $1.5bn (£0.97bn), up from an original estimate of $1.16bn, in im...

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Deloitte to liquidate Railtrack
Business Recovery

Deloitte to liquidate Railtrack

24y Philip Smith.

Deloitte to liquidate Railtrack

Shareholders of Railtrack Group, the parent company of the derailed infrastructure business, will be asked to appoint Deloitte & Touche as liquidator ...

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Good news for Railtrack shareholders
Business Recovery

Good news for Railtrack shareholders

24y AccountancyAge.com

Good news for Railtrack shareholders

Railtrack shareholders have today been informed they will receive their payouts earlier than expected and they will be larger than at first promised. ...

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WorldCom restates $2bn of accounts
Business Recovery

WorldCom restates $2bn of accounts

24y Accountancy Age

WorldCom restates $2bn of accounts

WorldCom is to restate its financial accounts by another $2bn, the third restatement in three months. Read More...

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Aircraft site grounded by debts
Business Recovery

Aircraft site grounded by debts

24y Adriana Zea

Aircraft site grounded by debts

Louise Brittain of Baker Tilly has been appointed joint liquidator of Farnborough-aircraft.com, a company partly owned by Richard Noble, the man behin...

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Asbestosis payouts blocked
Business Recovery

Asbestosis payouts blocked

24y Adriana Zea

Asbestosis payouts blocked

Hundreds of UK asbestosis sufferers are being denied payouts from auto industry giant Federal Mogul because of the complexity of the bankruptcy proces...

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Global Crossing to emerge from Chapter 11
Business Recovery

Global Crossing to emerge from Chapter 11

24y Larry Schlesinger

Global Crossing to emerge from Chapter 11

Telecommunications group, Global Crossing, one of a number of companies to collapse in the global telecom slump, looks set to emerge from bankruptcy. ...

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Administration threat grows at British Energy
Business Recovery

Administration threat grows at British Energy

24y AccountancyAge.com

Administration threat grows at British Energy

The threat of administration appears to be growing for struggling nuclear power generator British Energy, according to reports. Read More...

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