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UPDATE ON TOYS “R” US UK ADMINISTRATION PROCESS
Since their appointment as Joint Administrators of Toys “R” Us Limited (the “Company”) on 28 February 2018, Simon Thomas and Arron Kendall, partners in Moorfields Advisory Limited, have been seeking to secure a buyer for all or part of the business. Whilst this process has generated some interest, unfortunately it has not been possible to secure a sale.
Read more>Casual dining sector hit with 1,123 businesses filing for insolvency in the first three-quarters of 2018.
Analysis from a top 30 accountancy firm show insolvency rates within the restaurant sector have risen by 35% year on year.
Read more>R3 calls for insolvency reform to enhance UK’s insolvency position
Corporate insolvency reform is needed to boost the UK’s position in the World Bank’s insolvency rankings, according to R3.
Read more>Autumn Budget 2018
Autumn Budget 2018 How impact does this have on businesses?
Read more>Insolvency risk levels plateau for North East firms
Insolvency risk levels for North Eastern retailers plateaued throughout the third quarter, providing firms with a glimmer of hope ahead of the Christmas trading period.
Read more>Personal Insolvencies fall in Q3 from record high
The Insolvency Service released it’s latest quarterly statistics on 30 October 2018 and the headline is that total individual insolvencies in Q3 2018 were 10.5 percent lower than in the previous quarter and 2.5 percent lower than in the same quarter the previous year.
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