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>
Can SMEs benefit from alternative funding sources?
The majority of mid-sized firms believe that alternative finance sources could help them to raise capital, a survey from the UK Bond Network has revealed.Read more>
Moorfields appointment Administrators over a Franchised Outlet of a Major Coffee Shop Brand
Simon Thomas and Nick O’Reilly of leading restructuring and insolvency firm, Moorfields Corporate Recovery Ltd, were appointed Joint Administrators over Smith Retail Limited t/a Lavazza Espression UK & Ireland on 2 March 2015.Read more>
Insolvency Legislation Vs Employment Rights
Politicians have this week called for employees to be given better rights under the Insolvency Act, following the recent Administration of City Link.Read more>
Why SMEs need staff with financial experience
More than a third of people that deal with the finances at SMEs lack the relevant qualifications, new research has suggested.Read more>
Are big businesses damaging growth of smaller firms?
Small businesses in the UK have claimed that bigger firms are placing them under extreme financial pressure, a major new poll has revealed.Read more>
The average UK household will have unsecured debts of £10,000 by the end of next year, according to a report prepared by a leading accountancy firm
The figure includes spending on credit cards, bank borrowing and student loans, but excludes securing borrowing.Read more>
Agriculture - How will 2015 fare?
How to reduce the risk of farm business failure in what promises to be a tough year for agriculture.Read more>
How poor broadband is limiting UK companies
Businesses are increasingly reliant on the internet in the modern age, but poor broadband connections could be damaging productivity in a dramatic way.Read more>
Personal insolvency advice – the important information needed
For individuals facing financial trouble, a number of insolvency procedures can be implemented to aid their situation.Read more>
Demand for London office space poses problems for small businesses
As demand for London office space grows, desk rental costs are increasing rapidly meaning smaller firms need to keep a watchful eye on their finances.Read more>
The importance of strong leadership for businesses
It may sound like a fairly obvious point, but strong leadership within businesses is essential to ensuring success.Read more>
High Street shop closures increased in 2014
The number of High Street shops declined rapidly in 2014, as more stores closed than opened, new research from the Local Data Company has revealed.Read more>
Case Study - Egg Farm
Conducted a full IBR and appointed administrators over trading company.Read more>
Technology the root cause of concern for UK businesses
Cyber security and technological issues are the leading causes of anxiety and worry among UK-based firms, a new study has shown.Read more>
Case Study - Mixed Use Farm
Appointed Administrator over Mixed farm trading as a partnership with three generations.Read more>
Small businesses unveil financial fears as election looms
Cash flow problems are currently having a negative impact on 43% of the UK’s small businesses, new research from SwitchMyBusiness.com has suggested.Read more>
Younger employees could benefit SMEs – but caution is needed
A massive 80% of businesses in the UK now employ at least one young person (aged 18-24 years) but SMEs could be falling behind.Read more>
Should businesses increase their focus on export and trading?
Greater exporting and international trading has been described as “key” to the success of the UK economy, according to the British Chambers of Commerce (BCC).Read more>
Moorfields appointment Liquidators over a Music Retailer in West Sussex
Simon Thomas and Arron Kendall of leading restructuring and insolvency firm, Moorfields Corporate Recovery Ltd, were appointed Joint Liquidators over Beyond The Sea Limited on 5 March 2015.Read more>
Should SMEs be more cautious about increasing jobs and wages?
Improved confidence amongst small business has allowed many of them to increase recruitment efforts and offer higher salaries – but is a more cautious approach to such expansion plans needed?Read more>
Administration and receivership: Understanding the main differences
For struggling businesses a number of solutions exist, but understanding them all is essential when deciding the best course of action.Read more>
Case Study - Suckler Herd and Arable Farmer
Appointed Administrators of farming business associated with meat processing small haulage.Read more>
Are SMEs missing a trick when it comes to online queries?
UK businesses are leaving more than half of online queries unanswered, a new study has revealed, which could be have a detrimental effect on sales.Read more>
How SMEs can generate sales to alleviate concerns
Highly ambitious small businesses have voiced concerns over generating new business under current economic conditions and are fearful it may impact on their finances.Read more>
How small costs can quickly add up for businesses
The cost of business operations will vary from firm to firm, but the small costs of everyday essentials can quickly mount up, and can spring surprises, new research suggests.Read more>
Why SMEs need to watch their documentation
Having business insurance is just as important for many companies as their assets, as it is what protects them should something go wrong.Read more>
What solutions could a struggling business seek?
The economic situation in the UK may be improving but businesses can still find themselves in serious financial difficulty.Read more>
Dramatic Court fee rises set to change the litigation landscape from 9 March. What effect will this have on the business world?
The recent announcement that Court fees are set to rise has much of the legal and business world talking. Is litigation doomed? Are the new fees prejudicial towards those without access to piles of cash? Moorfields provides their opinion on the impact on the market and how this might affect individuals and SMEs.Read more>
A number of issues were raised in this morning’s article “Banks accused of being too cosy with receivers” The Time, Business, 5 March 2015
The apparent astonishment expressed by Adrian Bailey MP regarding “unregulated receivers” working in banks might seem slightly misconceived. However, similar views held by the public at large are damaging to the licensed insolvency profession.Read more>
How non-executive directors could drive business growth
In their bid for growth and prosperity, SMEs could boost their plans for the future by appointing non-executive directors (NED’s) to oversee strategies.Read more>
Is the greatest barrier to overseas trading a lack of understanding?
The largest barrier to small businesses trading in foreign countries is a lack of understanding of foreign markets, new research has claimed.Read more>
Government warning for SMEs facing cyber threats
Many small businesses in the UK are failing to guard against cyber threats and are putting themselves at unnecessary risk, the Government has warned.Read more>