The recent announcement that Kent based Aylesford Newsprint has filed for Administration is further confirmation of the issues facing the recycling and waste management sector. This follows UPM’s announcement that it will be decommissioning one of its two newsprint machines in Deeside. So what are the issues facing the sector? Ben Stanyon, Senior Manager at Moorfields Corporate Recovery expands…
For some time there have been murmurs of trouble brewing for businesses connected to the UK’s offshore oil and gas industry and there is evidence of a notable uptick in the number of formal insolvencies across the sector. Given their proximity to the North Sea oil and gas fields, cities such as Aberdeen and Norwich rely heavily on the oil and gas industry for employment and inward investment. Howe…
Public sector organisations squeezing construction suppliers to the tune of £1bn in retention and late payments
As insolvency practitioners and restructuring specialist we at Moorfields see a significant proportion of business failures and insolvencies arising as consequence of working capital shortfalls.
We are all familiar with the idea that fundamental changes to the retail landscape have been driven by technological innovations which, in turn, have driven a shift in consumer behaviour. Current estimates suggest that online purchases account for £1 in every £5 spent on a credit or debit cards in the UK and that total online spending will top £100bn over the next year. Innovations such as superma…
Arron Kendall and Simon Thomas of leading restructuring and insolvency firm, Moorfields Corporate Recovery Ltd, were appointed Joint Administrators over Oyster Hotels Limited (“Oyster”) on 9 February 2015.
Ben Stanyon, Senior Manager, at Moorfields Corporate Recovery Limited, comments on the proposed changes to the Enterprise and Regulatory Reform Act (“ERRA”).
Ben Stanyon, Senior Manager, Moorfields Corporate Recovery Ltd, comments on the latest statistics released by the insolvency service:
Simon Thomas and Nick O’Reilly of leading restructuring and insolvency firm, Moorfields Corporate Recovery Ltd, were appointed Joint Liquidators over Deliverers Consultancy Limited (“DCL”) on 13 January 2015.
Simon Thomas and Arron Kendall of leading restructuring and insolvency firm, Moorfields Corporate Recovery Ltd, were appointed LPA Receivers over Jay Real Estates Limited on 13 January 2015.
Agricultural Specialists Simon Thomas and Arron Kendall of leading restructuring and insolvency firm, Moorfields Corporate Recovery Ltd, were appointed Joint Agricultural Receivers over beef and livestock trader in Devonshire on 22 December 2014.
In their bid for growth and prosperity, SMEs could boost their plans for the future by appointing non-executive directors (NED’s) to oversee strategies.
The largest barrier to small businesses trading in foreign countries is a lack of understanding of foreign markets, new research has claimed.
Many small businesses in the UK are failing to guard against cyber threats and are putting themselves at unnecessary risk, the Government has warned.
Companies could be wasting more than £20 billion collectively across the world as they do not share information about their suppliers, new data has revealed.
Small businesses and contractors in the UK have revealed they are concerned over the potential implications that an increase in interest rates could have on their firm.
One in three SMEs are so overwhelmed by day to day activities that they are unable to focus on plans for sustaining business growth, new research suggests.
Late payment issues for small businesses are constantly highlighted as a growing concern in the UK, as a lack of finance can leave many firms teetering on the brink of meltdown.
Small businesses in the UK are losing an average of more than £2,600 each to cases of identity theft and card fraud, research from Experian has revealed.
Branching out into new markets overseas can provide a significant financial boost for small firms if done properly.
Business insurance is an essential requirement for most firms that want to ensure they do not face unnecessary threats to their finances.
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