Two executives from a private equity group, previously involved in the controversial takeover of Maker and Son, have been barred from serving as company directors following allegations of serious misconduct
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Outraged US investors have sought the intervention of the Federal Bureau of Investigation following the collapse of British jeweller Vashi, amid allegations of being misled in what is described as
The Prax Lindsey oil refinery in Lincolnshire, once responsible for producing around 10 per cent of the United Kingdom’s petrochemicals, collapsed at the end of June with only £203 left
Victor Garvey once one of Londons brightest culinary stars has seen his ambitious ventures end in financial turmoil and creditor frustration. Despite critical acclaim for his food and a coveted
Britain’s third largest steel producer has come under government control following a High Court decision that placed part of Sanjeev Gupta’s Liberty Steel group into insolvency. Speciality Steel UK SSUK,
The number of private schools entering administration has doubled in the first half of 2025, a stark sign of the mounting pressures on the sector following the government’s decision to
Claire’s, the retailer renowned for its jewellery and ear piercing kiosks, has entered bankruptcy proceedings in the United States for the second time within seven years. The move comes as
River Island faces an uncertain future after its proposed restructuring plan failed to win support from all classes of creditors in a court-supervised vote. Despite achieving about 80 per cent
Almost 50000 British companies are teetering on the edge as higher taxes and global economic instability intensify pressure across the economy Begbies Traynor’s latest Red Flag Alert report shows the
The Lindsey oil refinery in Lincolnshire is set to shut its doors after administrators failed to secure a viable buyer, placing 625 jobs in jeopardy and creating ripples across the
London-listed insolvency specialist Begbies Traynor has witnessed its profits nearly double, capitalising on an increase in large-scale corporate collapses. The firm’s profit before tax soared from £5.8 million to £11.5
The recent budget announcement could prove to be the breaking point for many struggling UK businesses, according to Ric Traynor, executive chairman of leading corporate restructuring firm Begbies Traynor. The
A controversial scheme enabling company directors to shed millions in debt obligations continues to operate despite government intervention to shut it down. The Atherton scheme, marketed as a “legal alternative
The recent collapse of the well-known retailer Wilko has led to a significant development as key figures of the former management team are set to face a parliamentary inquiry. The call for questioning comes from MPs belonging to the business and trade committee, who are seeking insights into the decisions that were made while the company was reportedly struggling with substantial debts.
