A recent survey has provided some hope that football clubs in England are beginning to adopt a more sensible approach in relation to their financial affairs. The survey looks at clubs in the three divisions below the Premier League and has discovered that of these 72 clubs, 6 of them, in addition...
HMV has today announced plans to appoint an administrator. The news follows the closure of Jessops, the camera retailer last week and electrical superstore Comet late last year. The news comes following a sharp dip in turnover for HMV; in December the company announced sales of 288.6 million in...
R3, the Association of Business Recovery Professionals, has recently announced that they have seen an increase in corporate insolvencies and liquidations of 0.2% on the previous quarter and 4.3% on the same period last year. Lee Manning, the president of R3, commented "this may seem like bad news...
Reforms to pre-packaged sales in insolvency (often referred to as pre-packs) have been put on hold, it was announced yesterday. In a written ministerial statement, delivered on 26th January , Ed Davey, the minister for the department for business innovation and skills, announced that planned...
Government plans to "improve transparency and confidence in pre-pack administrations” have been successfully halted. Although this may sound counter-intuitive, it is not the policy which anti-reform proponents are against, it is the damaging methods proposed by Edward Davey (Minister for...