July 2023 Newsletter: Out of the ashes – or back into the fire?

by Katerina | Jul 25, 2023 | News

There is life after insolvency for some businesses – as distinct from the companies containing them – but directors continuing to trade in effectively the same way yet in a different guise must tread very carefully. ‘Phoenixing’, after the mythical bird rising from...

Fail to address high fixed costs and suffer at leisure

by Katerina | Jul 18, 2023 | News

Recent days have seen the fall into administration of a Cornwall theme park, a Hampshire golf club and an independent cinema chain. They are the tip of the iceberg of UK leisure businesses, none particularly well known, facing an existential squeeze in revenue from...

Docklands exodus underlines tough times for UK office property

by Katerina | Jul 11, 2023 | News

The news that London’s Canary Wharf financial district is losing both global banking giant HSBC and Clifford Chance, one of the world’s largest law firms, is further evidence that changing working patterns are making businesses think twice about their office needs and...

Locking Away the Director’s Chair

by Katerina | Jul 5, 2023 | News

The 11-year Director’s Disqualification for the former CFO of construction giant Carillion, which collapsed in 2018, is an extreme example of the Insolvency Service’s appetite for taking action against errant bosses. On a scale of two years to a maximum 15, the...

Letter from London – BREXIT: Yesterday’s news… but tomorrow’s too?

by Katerina | Jun 27, 2023 | News

Seven years have now passed since the momentous referendum which heralded the UK’s departure from the European Union. Time enough, if opinion polls are to be believed, for an intensifying sense of buyers’ remorse. Indeed after a series of false dawns...