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
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’
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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News
Which retailers have been hit hardest in the last five years?
5th April 2018 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?
Owner of Bargain Booze on the Brink of Administration
29th March 2018 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.
Government outlines plans to crackdown on directors behaving badly
29th March 2018 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.
West Ham United Co-owner ‘Used Club to Avoid Paying £700,000 in Taxes’
28th March 2018 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
Carpetright Looking to Close Stores as Bosses Consider CVA Rescue Plan
22nd March 2018 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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