Housebuilder enters administration

credit management
Housebuilder enters administration 20th August 2019. Housebuilder Newcourt Residential has collapsed into administration, with FRP Advisory, which is handling the administration, saying the company faced “severe cash flow issues” after a challenging period of trading. The news highlights how smaller
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Long payment terms in retail are unsustainable

Business
Long payment terms in retail are unsustainable. 16th August 2019. Long payment terms in retail are notorious and regularly criticised by those in and outside the industry. A few months ago, Holland & Barrett became the first company to be
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Accountancy Age interviews Dr Louise Beaumont on the need for action on late payments

CPA Blog
Accountancy Age interviews Dr Louise Beaumont on the need for action on late payments. 9th August 2019. Earlier this week, the Accountancy Age magazine published an interview with Dr Louise Beaumont on late payments. Dr Louise Beaumont is an independent
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Personal Insolvencies rise in Q2

Insolvencies
Personal Insolvencies rise in Q2 8th August 2019. Analysis of Insolvency Service data by RSM shows that under-25s make up 6.5% of all personal insolvencies, compared to 1% three years ago. Q2 2019 saw a total of 31,000 people declare
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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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