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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>Late payments pile pressure on micro businesses
Just under half of the UK’s micro businesses were paid within three days of agreed payment deadlines in 2017, new research shows.
Read more>Small firms hit hardest by cash point removal
The removal of cash points across the UK is hitting small businesses the hardest, according to the Federation of Small Businesses.
Read more>R3 voices no deal Brexit insolvency framework concerns
The prospect of a ‘no deal’ Brexit and the potential impact on cross‐border insolvency cases is deeply concerning, according to insolvency and restructuring trade body R3.
Read more>Recognising business distress warnings
Any business can run into bad times at any moment, which is why it is imperative to recognise some of the early warning signs.
Read more>Retail sector turning to CVAs to address financial woes
The use of company voluntary arrangements has increased drastically in 2018.
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