On Friday 30 November the business press ran shock headlines about Kier’s emergency rights issue catching the market off guard. The Channel Partnership Director, Tom Rolfe explains the truth behind Kier’s bombshell in his latest LinkedIn Article.Read the full article here.
The Insolvency Service has released the 2018 Q3 insolvency statistics containing the latest data on company insolvencies from July to September 2018. The main message of the report was that an underlying number of company insolvencies increased both on the previous quarter and when compared to the[...]
Our Director, Tom Rolfe recently wrote an article for the Construction News magazine detailing soaring bad debts. The article also shows that credit insurance claims in the construction sector are at an all-time high. Read more in the latest Construction News article from Tom Rolfe below.
The Creditsafe Quarterly “Watchdog” report makes interesting reading for Q2 2018. Construction is reported to have bounced back in Q2 after the bad weather of Q1 caused delays and a drop in output. In April, May and June this year, the performance of the sector was mixed. Despite the increase in[...]
You’d like to think it will be obvious when a business is about to fail, but sometimes there aren’t any visible signs. R&D Construction is one such case this week, after they called in administrators and issued a notice of intention last week on the 25th of May. Read more on our latest LinkedIn[...]
Wholesale alcohol supplier Conviviality, who supply many pubs and retailers including 900 of the Wetherspoon pub outlets, and also owns a number of retail brands, has officially appointed administrators to the business. It follows the recent announcement of an unexpected £30m tax bill, and issuing[...]
The Wolverhampton base for the recently collapsed construction giant, Carillion has now gone onto the market for around £3m.
The Lagan Group announced on 20th February 2018 that it was putting four of its subsidiary companies into administration. Six months ago, in August 2017, Lagan Building Contractors Ltd (now in administration) announced that it had secured a £35m project; Phase One of the Outwood Wharf development[...]
The electronics specialist Maplin has fallen into administration after talks with a potential buyer collapsed. The company which was founded in 1976 has called in Zelf Hussain, Toby Underwood and Ian Green from PwC to handle the administration process.
The UK’s largest toy retailer, Toys R Us has officially entered into administration as of 28th February 2018. The organisation which was founded in 1948, have been on the brink of collapse for weeks following a number of poor trading periods.