Treasury accused of scaring lenders with insolvency clawback

Finance and Legal
Treasury accused of scaring lenders with insolvency clawback. 16/07/2019. Business groups have warned that new rules making HMRC a preferential creditor in the event of an insolvency could harm access to finance for small businesses. By leapfrogging over other types
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Sole traders struggle

Business
Sole traders struggle 12/07/2019 Research from the Institute for Fiscal Studies (IFS), which analysed tax records from HM Revenue & Customs, shows that one-in-five businesses in the UK set up by sole traders closes within a year and six-in-ten fail
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Fashion retailer Select falls into administration. Updated 9/7/19.

Business
Fashion retailer Select falls into administration. 13/05/2019 – updated 9/7/19 See below. Retail chain Select has officially fallen into administration, after filing court documents to appoint administrators last month. The retailer, which operates 169 stores across the UK, announced its
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Bathstore no longer flush as they go down the drain. Updated 8th July 2019.

Business
Bathstore no longer flush as they go down the drain. 27th June 2019 – updated 8th July 2019. Update 8th July Contractors hit by Bathstore collapse The Observer on Sunday reported talks with several self-employed Bathstore contractors, who have collectively
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The Latest Insolvencies to 05 Jul 2019

Insolvencies
The Latest Insolvencies to 05 Jul 2019. The Credit Protection Association Plc has compiled the latest insolvencies published on 05 Jul 2019 for its members and visitors. Administration – Meetings of Creditors 2019-05-02 BEAMISH TRANSPORT LIMITED 2019-05-03 THREE NATIONS LIMITED
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