Boohoo buys Karen Millen and Coast in pre-pack administration

Insolvencies
Boohoo buys Karen Millen and Coast in pre-pack administration 7th August 2019. Boohoo.com has bought the online business and intellectual property of Karen Millen and Coast in a £18.2m pre-pack administration, with more than 200 stores set to close. Administrators
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Accountants find late payments getting worse not better

CPA Blog
Accountants find late payments getting worse not better. 7th August 2019. Accountancy Body Institute of Chartered Accountants in England and Wales (ICAEW) which represents 150,000 members,  has found the late payments culture is getting worse not better. Tackle growing late
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UK Consumers spending finally drys up

credit management
UK Consumers spending finally drys up 6th August 2019. Consumer spending finally looks like catching up with business sentiment and is showing signs of drying up. Consumer spending fell to a record low in the year to July, rising by
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Manufacturing output falls to seven-year low

Business
Manufacturing output falls to seven-year low Key findings UK Manufacturing PMI at 48.0 in July (unchanged). Output, new orders and employment fall again Businesses forecast output to be higher in one year’s time The Purchasing Managers’ Index compiled by research
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Small business unhappy with new government proposals to tackle late payments

credit management
Small business unhappy with new government proposals to tackle late payments. In June, after almost nine months of consultation and consideration, the Government announced a range of proposals to tackle the United Kingdoms late payment culture. The late payment culture
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