Lenders face £30m hit as Jack Wills seeks buyer.

Business
Lenders face £30m hit as Jack Wills seeks buyer. 23/07/2019. Lenders to British fashion chain Jack Wills could be left as much as £30m out of pocket if the company fails to find a buyer, according to new reports on
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Jamie’s creditors to lose £83m

Business
Jamie’s creditors to lose £83m. 23/7/2019. Jamie’s Creditors look set to miss out. Creditors for British restaurant chain Jamie’s Italian are facing losses of £83m following the business’s collapse in May, a new report from administrators at KPMG reveals.  
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Airport parking firm finally collapses

Insolvencies
Airport parking firm finally collapses 16th July 2019. If you have ever had to park at the airport you might mistakenly have assumed – like this writer – that  it was basically a license to print money. Apparently not! Airport
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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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