One of the UK’s largest mobile phone retailers experienced a cash crisis after aborting the purchase of a large number of extra retail outlets. This was compounded by borrowing conditions, which suddenly worsened. With 245 jobs and 75 outlets at stake, our team successfully orchestrated a complex ‘pre-pack’ administration, whereby the company was placed into administration while its assets were simultaneously sold to a new company.
The business continued trading without a break, saving all 245 jobs at a time of increasing unemployment.
20th February 2017 Small companies throughout London are worried about the prospect of seeing significant rises in business rates increase their overheads.
15th February 2017 The growth of what has become known as the gig economy is costing HMRC in the region of £75 million in lost tax revenues every week, it has been claimed.
14th February 2017 Growth in the UK economy will slow down considerably over the course of this year and next, according to the European Commission.
14th February 2017 The Co-operative Bank has been put up for sale in its entirety four years after it came perilously close to collapse before being acquired by US hedge funds.
9th February 2017 Notably strong consumer spending helped to keep the UK economy on track in recent months despite the ongoing uncertainty surrounding the country’s exit from the European Union.
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