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 appointed over Development Site
Leading Property Insolvency specialists Simon Thomas and Arron Kendall of Moorfields were appointed Joint LPA Receivers of a development site in Maidstone on 30 November 2015.Read more>
More than half of SMEs look towards new markets
More than a third (34%) of small and medium enterprises in the UK are looking to expand abroad in the near future, while another 30% intend to target untapped home markets, according to a new report.Read more>
Record number of businesses are started in the UK
More businesses are being started in the UK than ever before, according to new figures from the Office for National Statistics.Read more>
Small business rates relief extended for another year
George Osborne’s Autumn Statement and Spending Review included a number of headline-grabbing announcements. However for many small business owners, especially those who are struggling or operating on tight budgets, one of the less glamorous announcements could be more important.Read more>
Majority of businesses are at risk from insider threats
Chancellor George Osborne announced that the UK would be almost doubling its spending on cyber security between now and 2020 last week. The statement was seen as a response to the Paris attacks and the fact that terrorist groups and other hostile forces now represent a cyber threat as well as a physical one.Read more>
Moorfields appointed over Property Development Company in Dorset
Leading Property Insolvency specialists Simon Thomas and Arron Kendall of Moorfields were appointed Joint Administrators of Capstone Building Limited on 24 November 2015.Read more>
Fear of failure puts off potential UK entrepreneurs
Small businesses are the lifeblood of the UK economy. According to the latest House of Commons briefing paper on business statistics, more than 99% of businesses in the UK were SMEs and 95% of those were micro-businesses, employing nine or fewer people. SMEs accounted for 60% of employment and 47% of turnover in the UK.Read more>
UK entrepreneurs pile £240 billion into ‘after-hours economy’
The UK’s entrepreneurs have contributed £240 billion worth of work to the ‘after-hours’ economy by working above and beyond standard industry hours, according to a new report.Read more>
Companies breaching health and safety rules to face tougher fines
A new review by the Sentencing Council has produced guidelines aimed to help courts dealing with corporate manslaughter, health and safety, and food safety offences.Read more>
Case Study - Asset Management of Milton Keynes Business Park
Moorfields Asset Management implemented a strategy which has resulted in...Read more>
What challenges will SMEs face in 2016?
Money management, cashflow, the wider economy and a shortage of skills have all been identified as some of the main challenges that will face UK SMEs in 2016.Read more>
Could changes to redundancy payments cost struggling businesses money?
Having been through a period of consultation with businesses, governing bodies and tax professionals, the Government is currently considering simplifying the tax and National Insurance rules as they apply to severance payments.Read more>
Accountants’ body calls for a ‘bombshell free’ Autumn Statement
The Institute for Chartered Accountants in England and Wales (ICAEW) has called for Chancellor George Osborne to deliver an Autumn Statement with no new surprises for businesses.Read more>
Why is the demand for finance among SMEs on the rise?
After more than 100 delegates were questioned at the recent Funding Conference in Belfast earlier this week, it seems that SMEs in the UK are requiring finance support.Read more>
Moorfields successfully sell business park to Barwood Capital
Property Insolvency Specialists Moorfields Corporate Recovery have successfully sold Woodlands Business Park for £7.6million to Barwood Capital, a leading UK real estate investment and development business.Read more>
How are bank overdraft cuts affecting small businesses?
A recent report has found that SMEs in the north of England are suffering twice as many overdraft cuts than any firm in London; with a staggering 55% of Northern SMEs seeing their overdrafts slashed or entirely withdrawn over the past two years.Read more>
What do SMEs fear about acting on late payments?
Acting on late payments has been found to be a huge problem for many UK SMEs, according to a recent report.Read more>
Are SME’s too blasé about cyber-attacks?
With cyber security making it into front page news this year, it’s of growing importance to many British SMEs.Read more>
Why is now the best time for SMEs to borrow?
With more SMEs in the UK attempting to compete with the big players in their sector by hiring the very best talent, why is now the optimum time to borrow?Read more>
UK manufacturers are missing vital business opportunities
A failure to take advantage of potential business opportunities means British manufacturers are losing on around £25 billion.Read more>
Why Post-it note financial planning could spell disaster for SMEs
One in ten UK SME owners have admitted to scribbling down their business plans on a Post-it note, potentially putting their company’s financial survival at risk.Read more>
How do businesses need to prepare for changing weather conditions?
Changing weather conditions during the winter months can cause a number of issues for businesses if they do not plan ahead.Read more>
Could poor cyber security see SMEs miss out on key contracts?
Cyber security is growing in importance for businesses of all sizes due to the potential ramifications of falling victim to hackers.Read more>
Can too many rules and regulations inhibit productivity?
The goal of maximising productivity is one shared by the vast majority of SMEs across the UK, mainly as it helps to increase sales and drive brand awareness.Read more>
What services are available to drive SME growth?
The majority of SMEs in the UK would describe themselves as ambitious according to a new study, but is the business environment currently capable of supporting sustainable growth?Read more>
Gareth Price discusses the latest insolvency statistics
Following the recent publication of Insolvency statistics, it has been reported that the number of people being declared insolvent has risen for the first time in a year, although the total remains lower than much of the past decade.Read more>