New warning over catastrophic effects of late payments. 28th March 2019. New Warnings are being issued over the catastrophic effects of late payments on SMEs. Begbies Traynor Fresh data gathered by insolvency practitioner, Begbies Traynor show 115,000 British businesses waited

UK insolvencies up a fifth in three years. 27/03/2019. The number of insolvencies across the UK has risen by a fifth over the past three years, according to new statistics released by the government. According to the figures from the

Office Outlet enters administration. James Salmon, 20th March 2019. Stationery chain Office Outlet has collapsed into administration, putting 1,200 jobs and the future of 90 stores in doubt. The retailer, formerly known as Staples, has drafted in administrators from Deloitte

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