Patisserie Valerie’s accounting black hole grows. 19/3/19. The gap in Patisserie Valerie’s accounts has widened to £94m, according to administrators at KPMG, as their report reveals that the café chain overstated its cash position by an estimated £54m. Following its

Government to push aside small creditors in insolvency. James Salmon, Director, 19th March 2019. Government plans return of HMRC creditor preference. The Government has announced plans to push aside small creditors and restore HMRC to priority creditor status in corporate

Interserve on brink of administration. James Salmon, Operations Director, 11th March 2019. Government outsourcing firm and construction group Interserve is likely to go into administration this week, with company directors saying the firm has a “mountain to climb” to avoid

Insolvencies climb in 2018. 7/3/2019. UK company insolvencies rose 19.3% in Q3 2018, data from the Insolvency Service shows. A total of 4,308 businesses entered insolvency between July and September, with the construction industry seeing the highest number across all

Corporate insolvency payouts rise to five-year high James Salmon, Director, 7/03/2019. Corporate insolvency payouts rise to five-year high Corporate insolvency payouts are rising as the cost of insolvencies are passed on to the Government. Taxpayers are picking up the bill