BDO sued for £250m: Selling agent accused of conflict of interest
Accounting Firms

BDO sued for £250m: Selling agent accused of conflict of interest

4y Tom Lemmon

BDO sued for £250m: Selling agent accused of confl...

The claimants in the case against BDO over their administration of One Blackfriars Limited have accused BDO of inappropriately using real estate firm,...

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BDO partner admits she didn’t challenge ‘shockingly low’ valuation
Accounting Firms

BDO partner admits she didn’t challenge ‘shockingly low’ valuation

4y Tom Lemmon

BDO partner admits she didn’t challenge ‘shockingl...

Witness in £250m insolvency negligence lawsuit said she didn’t challenge low valuation of One Blackfriars site Read More...

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New insolvency bill a positive lifeline for struggling businesses, but questions remain
Coronavirus

New insolvency bill a positive lifeline for struggling businesses, but ques...

4y Bob Pinder

New insolvency bill a positive lifeline for strugg...

The Corporate Insolvency and Governance Bill began its passage through the Lords this week, after a speedy journey through the Commons. As the largest...

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UK alters insolvency law landscape
Coronavirus

UK alters insolvency law landscape

5y Jeremy Chan

UK alters insolvency law landscape

The government has announced a number of changes to insolvency law in an effort to support in-distress businesses Read More...

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Furloughed staff considered ‘super-priority’ creditors during administration
Coronavirus

Furloughed staff considered ‘super-priority’ creditors during administratio...

5y Jeremy Chan

Furloughed staff considered ‘super-priority’ credi...

Recent court rulings clarify legal grey area caused by furlough scheme Read More...

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Insolvencies drop in first quarter
Coronavirus

Insolvencies drop in first quarter

5y Jeremy Chan

Insolvencies drop in first quarter

Latest report from The Insolvency Service outlines reduced number of insolvencies for the first three months of 2020 Read More...

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Report: Avoiding insolvency in midst of crisis
Coronavirus

Report: Avoiding insolvency in midst of crisis

5y Jeremy Chan

Report: Avoiding insolvency in midst of crisis

Insolvency has become a major threat across most UK markets, as businesses scramble for ways to avoid getting sucked under Read More...

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CBILS revamped and expanded to support UK business
Budget

CBILS revamped and expanded to support UK business

5y Shannon Moyer

CBILS revamped and expanded to support UK business

The UK government’s CBILS scheme has been updated to include more small businesses under its remit, as well as offering new assistance to large busine...

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UK SMEs unprepared to apply for loans
Budget

UK SMEs unprepared to apply for loans

5y Jeremy Chan

UK SMEs unprepared to apply for loans

The government has announced businesses support measures to help keep companies afloat, but SMEs may have trouble accessing credit Read More...

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Governance and culture questions raised among insolvency practitioners
Insolvency

Governance and culture questions raised among insolvency practitioners

5y Kevin Reed

Governance and culture questions raised among inso...

Insolvency practitioners must tread a fine line in undertaking their role, and move onto how practices must get a grip on a permissive culture and loo...

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Insolvency: Recognising the warning signs
Insolvency

Insolvency: Recognising the warning signs

5y Stephen Wainwright

Insolvency: Recognising the warning signs

There are a number of warning signs that a company is in financial distress and action is required, says Stephen Wainwright of Poppleton & Apple R...

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Personal insolvency rate continues to rise
Insolvency

Personal insolvency rate continues to rise

5y Chris Jewers

Personal insolvency rate continues to rise

The Quarter 2 figures show 30,936 individuals entered either bankruptcy (4,228), a debt relief order (6,752) or an individual voluntary arrangement or...

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Personal insolvencies more common among woman, coastal dwellers and those in North East
Insolvency

Personal insolvencies more common among woman, coastal dwellers and those i...

5y Chris Jewers

Personal insolvencies more common among woman, coa...

Personal insolvencies are more common among woman, people who live by the sea or people living in the north east, according to 2018 statistics. Gender...

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HMRC preference in insolvency cases a 'bad deal', says industry
Insolvency

HMRC preference in insolvency cases a 'bad deal', says industry

5y Beth McLoughlin

HMRC preference in insolvency cases a 'bad deal', ...

Insolvency and restructuring trade body R3 and leading figures in the sector warn of the impact on lending the Government's Finance Bill will have as ...

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Disclosure requests from insolvency practitioners – not always a rock and a hard place
Insolvency

Disclosure requests from insolvency practitioners – not always a rock and a...

6y Edward Starling and Lucy Phoenix

Disclosure requests from insolvency practitioners ...

Just how much information should an accountant disclose in the event that a company goes insolvent? Lucy Phoenix and Ed Starling, Wedlake Bell LLP cla...

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Crown preference – an unwelcome return
Insolvency

Crown preference – an unwelcome return

6y Caroline Sumner

Crown preference – an unwelcome return

Caroline Sumner, education and technical director of R3, the insolvency and restructuring trade body, reveals why the reintroduction of Crown preferen...

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From Carillion to Interserve: the construction sector struggle
Insolvency

From Carillion to Interserve: the construction sector struggle

6y Emanuela Hawker , Reporter

From Carillion to Interserve: the construction sec...

The current climate is proving to be difficult for the construction sector to navigate Read More...

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Checklist of steps to close a business and declare insolvency
Insolvency

Checklist of steps to close a business and declare insolvency

6y Gareth Platt

Checklist of steps to close a business and declare...

Follow our checklist through all the steps of closing a business - solvent or insolvent Read More...

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Protecting taxes in insolvency – bad for business?
Insolvency

Protecting taxes in insolvency – bad for business?

6y Stewart Perry

Protecting taxes in insolvency – bad for business?

As government plans to give HMRC preferential creditor status in company insolvency proceedings become clearer, Stewart Perry*, restructuring and inso...

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How did fraud come about in the Patisserie Valerie case?
Insolvency

How did fraud come about in the Patisserie Valerie case?

6y Accountancy Age

How did fraud come about in the Patisserie Valerie...

Simon Bonney, partner and insolvency expert, said “It is difficult, given the extent of the fraud, that this isn’t something that could have been spot...

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Deloitte makes £15 million from Comet liquidation
Insolvency

Deloitte makes £15 million from Comet liquidation

6y Accountancy Age

Deloitte makes £15 million from Comet liquidation

This is despite the fact Deloitte are under investigation by the ICAEW for issues surrounding their handling of the insolvency Read More...

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Insolvency and ‘zombie businesses’
Insolvency

Insolvency and ‘zombie businesses’

6y Emanuela Hawker , Reporter

Insolvency and ‘zombie businesses’

What is a ‘zombie business’? And how did AIM-listed companies fare in 2018? Read More...

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What a no-deal Brexit would mean for insolvency
Insolvency

What a no-deal Brexit would mean for insolvency

6y Beth McLoughlin

What a no-deal Brexit would mean for insolvency

What will happen in the case of a no-deal Brexit with insolvency cases across the EU? Caroline Sumner, technical and education director at R3, has the...

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Fall in bank lending to SME construction business
Insolvency

Fall in bank lending to SME construction business

6y Emanuela Hawker , Reporter

Fall in bank lending to SME construction business

Following on from the Carillion collapse, SMEs continue to face the brunt of it as bank lending falls by another 7% this year Read More...

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Why is the UK behind on insolvency reform?
Insolvency

Why is the UK behind on insolvency reform?

6y Beth McLoughlin

Why is the UK behind on insolvency reform?

UK stays at 14th place in World Bank rankings for Resolving Insolvency amid calls for corporate insolvency reform Read More...

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FRC competence review leaves watchdog on tenterhooks
Audit

FRC competence review leaves watchdog on tenterhooks

6y Accountancy Age

FRC competence review leaves watchdog on tenterhoo...

The Financial Reporting Council faced serious criticism from shareholders, accountants, and fund managers following the accounting scandals of the las...

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Deloitte to manage Gaucho administration with hundreds of jobs at stake
Big Four

Deloitte to manage Gaucho administration with hundreds of jobs at stake

6y Accountancy Age

Deloitte to manage Gaucho administration with hund...

Over 500 jobs already lost as Big Four firm moves its focus from Poundworld to the Gaucho group Read More...

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