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>
Moorfields suggests five ways to value your business effectively
It is very important for some companies to ascertain the value of their business. Instances such as if they are planning to sell it to a larger entity, preparing the company for an initial public offering onto the stock market, or using it as a tool to motivate management.Read more>
The value of struggling businesses opting for renting ahead of upfront purchases
Keeping upfront costs to a minimum is one of the central concerns that any company has as they set out into the world of business.Read more>
Lending to small businesses gets a £70m boost
The Department of Business, Innovation and Skills (BIS) has announced that it is helping to support the growth of UK SMEs, with £32m of finance set to be shared amongst three new lenders.Read more>
Late payments directive – Moorfields comment on how the new regulation could help your business
Chasing late payments from large companies is a constant headache for small businesses everywhere. In many cases, a larger company can take a rather relaxed view of paying companies who they know cannot cause a major fuss and therefore late payments become ‘the norm’.Read more>
Moorfields appointed administrators over countryside hotel in Staffordshire
Simon Thomas and Shelley Bullman of Moorfields Corporate Recovery LLP have been appointed Administrators over Tillington Hall Hotel Ltd on the 26 March 2013.Read more>
LPA receivership – what do I need to know about the process?
Law of Property Act (LPA) Receivers are appointed by private lenders or banks who have used a property as security or collateral against a loan, and who need to take action if the terms of the loanare not being upheld.Read more>
Beer tax duty cut welcomed with open arms by UK licensed sector
It is hardly a well-kept secret that the licensed sector in the UK has been struggling within the last decade. Pubs up and down the country have been struggling with overheads, dwindling consumer figures and increased competition from the emergence of chains.Read more>
A budget for SME’s? – Moorfields comments on what the Spring 2013 budget means for your business
UK businesses of all shapes and sizes were anticipating what impact George Osborne’s latest budget announcement might have on their future.Read more>
Growth in online shopping signals bleak future for traditional high street stores
While trading conditions for retailers are certainly tough amidst the backdrop of an ailing economy, despite February’s increase in footfall on the high street, it seems that online retailers have continued to thrive.Read more>
RTI rules eased for small businesses across the UK
Following last month’s plea from the Federation of Small Businesses and other industry bodies that a planned overhaul of payroll taxes in April should be softened, HMRC has announced that it is easing real time information (RTI) reporting arrangements for SMEs.Read more>
Property insolvency – what do I need to know?
When your business is visibly struggling and you are attempting to identify the most important assets that you need to make creditors and insolvency practitioners aware of, the actual property can often be overlooked.Read more>
Budget matters – how will George Osborne’s announcement affect SMEs?
Several members of the coalition government have made a number of loud noises about how the emergence and expansion of SMEs could represent Britain’s best chance economic recovery. However, the effectiveness of previous initiatives such as the Funding for Lending Scheme has been questioned in this regard.Read more>
What are the benefits of a pre-pack arrangement?
"In a company administration the term ""pre-pack"" is a restructuring strategy where the administration procedure is used to sell the business and assets of an insolvent company to a new company under an arrangement agreed prior to the appointment of an administrator. The sale is usually effected immediately upon the appointment of the administrator."Read more>
Individual Voluntary Arrangements (IVA) – The process explained
The new Debt Management Protocol, designed to cut down on poor advice from misleading debt management firms that is set to be implemented in April 2014, is likely to see an increase in the numbers applying for Individual Voluntary Agreements (IVA).Read more>
Accelerated Mergers and Acquisitions
Businesses that are experiencing pressure on profitability may wish to consider an accelerated merger or acquisition. We review how the process could benefit your business.Read more>
How landlords can work to recover rent arrears
With many private tenants in the UK struggling to meet their rental commitments, landlords may be facing an uphill battle to recover rent, and as result lose out on the yields they would normally gain from their portfolio of rental properties.Read more>
Protecting your business against fraud – Five key steps
Fraud costs the UK’s private sector £45.5 billion each year, with small to medium sized businesses suffering losses of some £19 billion on an annual basis.Read more>
Bankruptcy – Is it right for me?
With recent figures showing that household debts are increasing, consumers struggling to tackle their debts may consider bankruptcy as a final option in their attempt to take control of their financial situation.Read more>
Business organisations want radical action in Budget
"Leading business organisations have called for ""radical” action to be taken to stimulate the UK’s ailing economy, and help Britain swerve a much feared triple-dip recession."Read more>
Taking Care of Business: Care Sector Outlook 2013
The private care sector as a whole faces some tough challenges this year in an environment of debt, government cut-backs and escalating regulation.Read more>
Business insolvency rates hit a five-year low
The latest data from Experian’s insolvency index has revealed that business insolvency rates in January fell to their lowest figure since the start of the financial crisis in 2007.Read more>
Funding options for your business
Securing the right funding for your business can mean the difference between success and failure, and there are many options beyond traditional bank lending that companies can explore.Read more>
Five essential steps for a successful business turnaround
Turning around the fortunes of a failing business requires careful strategic planning. Here are just a few of the areas companies may need to address in a bid to create a more positive outlook for their business.Read more>
How to improve your business cash flow
Good cash flow forms an integral part of a successful business, as without it businesses can quickly struggle to maintain the running of their day-to-day operations. Find out how to improve your business cash flow.Read more>
3 key steps towards achieving a successful and sustainable restructure
Restructuring can be a difficult time in the life cycle of a business and securing advice from professionals in the early stages of this process can help to ensure that the needs of all parties concerned, including employees and investors, are sufficiently addressed.Read more>
My business is struggling - what are the common mistakes I need to avoid?
Against a backdrop of economic uncertainty, many businesses in the UK may be struggling to align their income with their expenditure and hopes that the Bank of the England’s (BoE) £60 billion Funding for Lending Scheme (FLS) would boost the supply of credit to businesses in the UK have recently been dashed.Read more>
Who are the key figures involved in turning a business around
When it becomes clear that your business may be struggling within the unstable financial climate, it is particularly important to act quickly and decisively.Read more>
Company tax problems in 2013 – what do I need to know?
The introduction of Real Time Information Systems (RTI) from April 2013 is set to tighten the tax laws even further for UK companies. When RTI is implemented, companies will not be able to understate their PAYE liability in any way, regardless of how financially stable they may or may not be.Read more>
Winding up petition – What does it mean for my company?
A winding up petition (petition) is usually presented by a creditor of a company, although it may be presented by the company itself or a shareholder, making application to the Court to have the company placed into Compulsory Liquidation by the granting of a Winding Up Order.Read more>
Financial boost for SMEs could help the wider economy
Small and medium-sized enterprises across the UK appear to have been given a significant boost as the government strives to offer them as much public sector business as possible.Read more>
Surprise fall in manufacturing output fuels fears of a triple-dip recession
A downward turn in manufacturing output in February has compounded fears that the UK is heading towards a triple-dip recession, following Moody’s decision to downgrade England’s coveted triple-A credit rating.Read more>
Overseas visitors spend £4.5 billion on UK’s high streets
The latest figures from VisitBritain have revealed that foreign visitors to the UK are providing a significant boost to retail expenditure in Britain, with 18 million overseas tourists spending a combined average of £4.5 billion a year.Read more>
What is a Company Voluntary Agreement (CVA)?
One option that companies in financial distress may wish to consider is a Company Voluntary Arrangement (CVA).Read more>
Compulsory liquidation of a Company – what are the key questions?
This is where a petition is presented to the Court to have a Company formally wound up. The most common grounds for presenting a petition are the Companies inability to pay its debts or on ‘Just and Equitable’ grounds. But what are the key elements of the process that you need to be aware of? What role will you play in the entire process?Read more>
Deputy Governor at BoE calls for government to prepare for further QE
Deputy Governor at the Bank of England, Paul Tucker, has warned the government that a fresh round of quantitative easing (QE) could be in store if inflation conditions continue to rise.Read more>
Faltering consumer confidence in the high street continues
"The British Retail Consortium (BRC) has called on the government to introduce a freeze on Business Rate increases in April 2013 in an effort to re-establish growth and “re-build consumer confidence"" in the UK high street."Read more>