Scottish insolvencies climb 45% as distressed businesses face ‘toxic mix’ of issues

Insolvencies
Scottish insolvencies climb 45% as distressed businesses face ‘toxic mix’ of issues 7th August 2019 Analysis from KPMG shows that Scottish insolvencies have risen by more than 45%, with 698 corporate insolvency appointments in the six months to June. This
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More high profile insolvencies rock UK business confidence.

Insolvencies
More high profile insolvencies rock UK business confidence. 6th August 2019. A series of high profile insolvencies in the last week have made clear the difficulties facing UK business. London higher education provider goes into administration Higher education provider GSM
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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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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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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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