News


Which retailers have been hit hardest in the last five years?

Thursday 5th April, 2018 Written by Keith Tully

Real Business Rescue recalls some iconic high street names which have unfortunately deserted us in recent years. How many can you remember? And who might be next?

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Owner of Bargain Booze on the Brink of Administration

Thursday 29th March, 2018 Written by Keith Tully

The group which owns Bargain Booze is on the brink of entering administration after failing to raise the emergency funds required to resolve a severe cash flow crisis.

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Government outlines plans to crackdown on directors behaving badly

Thursday 29th March, 2018 Written by Keith Tully

The government has outlined a series of proposals that it hopes will help to tighten up rules around corporate governance in insolvency scenarios throughout the UK.

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West Ham United Co-owner ‘Used Club to Avoid Paying £700,000 in Taxes’

Wednesday 28th March, 2018 Written by Keith Tully

David Sullivan, the co-owner of West Ham United, has been adjudged at a tribunal to have used the football club to avoid paying £700,000 in taxes.
The matter relates to a £2 million transfer of funds

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Carpetright Looking to Close Stores as Bosses Consider CVA Rescue Plan

Thursday 22nd March, 2018 Written by Keith Tully

Carpetright is looking to close some of its most unprofitable stores as it considers entering a company voluntary arrangement (CVA) rescue deal to avoid becoming the next British high street retailer

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Financial Distress in UK Restaurant Sector Up 8% in a Year

Thursday 22nd March, 2018 Written by Keith Tully

More than 11,000 British restaurant businesses were exhibiting signs of ‘significant’ levels of financial distress in mid-March of this year.
That’s according to figures described as ‘Red Flag Alert’

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Owner of Bargain Booze and Wine Rack Finds Unexpected £30 Million Tax Bill

Thursday 15th March, 2018 Written by Keith Tully

Conviviality, the owner of the two major drinks retail operations Bargain Booze and Wine Rack, has revealed that it recently identified an unexpected £30 million tax bill for liabilities owed to HMRC.

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Spring Statement 2018: An Update on the UK’s Economy

Tuesday 13th March, 2018 Written by Keith Tully

After moving the main budget to the autumn with the intention of giving businesses more certainty throughout the year, Philip Hammond promised a brief affair when he addressed the House of Commons

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Experts Raise Concerns Over ‘Lack of Transparency’ in Pre-Pack Administration Deals

Monday 12th March, 2018 Written by Keith Tully

Experts have raised concerns about levels of transparency in the context of pre-pack administration processes and the use of ‘phoenix’ companies in the UK.

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New Look to Cut Jobs and Close Stores As Bosses Push for CVA Rescue Deal

Thursday 8th March, 2018 Written by Keith Tully

The clothing retailer New Look is planning to shed close to 1,000 jobs and close 60 of its UK stores as bosses attempt to rescue and restructure the ailing high street operation.

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Jonathan Munnery
Andrew MacKenzie
Julie Palmer
Thomas Mckay
Keith Tully
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