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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>High street shop closures highlight retail struggles
High street shops closed at a rate of nearly 14 a day in the first half of 2018, according to a new study.
Read more>Outstanding VAT owed to HMRC continues to rise
UK businesses owed £3 Billion in outstanding VAT to HMRC during the 2017‐2018 financial year, according to new figures from Funding Options.
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?
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