News

The fall into administration of major UK haulier Youngs, citing “insurmountable working capital difficulties” and a “troubling” situation facing the whole sector, has once again brought into sharp focus the challenges faced by this critical link in the supply chain....

It’s safe to say that no student careers officer has ever pointed young jobhunters towards the insolvency and restructuring sector. We’re a relatively niche profession, generally unknown beyond experienced accountants and lawyers. Most members of the industry ‘end up’...

It’s little surprise that three of London’s leading producing theatres have warned of "devastating" pressures on their finances, as rising costs, funding cuts and changes in audience tastes slash their reserves and force them into more cautious programming. The Royal...

Almost a hundred years ago, a character in Ernest Hemingway’s first novel asked a much-misquoted question: “How did you go bankrupt?”. The famous reply was: “Two ways, gradually and then suddenly.” Many individuals hastily completing their tax returns this week,...

Just when we thought UK inflation was steadily on its way down, and the retreat becoming a central support of the government’s pre-election road to rehabilitation, then comes the first disappointing figure for ages: a rise from 3.9% to 4.0% between November and...

Britain’s local councils are not the only institutions heading for a financial iceberg. A number of the nation’s universities may also sink this year, saddled with debt and competing unrealistically for bright students. There are somewhere between 130 and 166...

In the months ahead UK politics will be dominated by relentless speculation as to the date of the forthcoming General Election. The quaint - or even 'working' - assumption underpinning such feverish chatter is that a sitting Prime Minister has absolute control over...

Incoming emails this week as we drift back to work provide a clear reminder that the high street has moved firmly online. The huge volume of messages from what are now web-first retailers seem to eclipse anything relating to work, promising big reductions, free...

Dear friends and colleagues, Merry Christmas and a prosperous New Year from all of us at Buchler Phillips. This year we were very proud to celebrate 35 years of Buchler Phillips. We are privileged to have been involved in some of the most complex and fascinating...

Positive vibes, as we look ahead to our own business prospects after a possibly tough year, are a great feeling. They promote energy and, to a certain extent, can help fulfil our hopes of generating new revenue to lift our businesses out of the danger zone. If they...

The UK’s construction industry has been at or near the top of insolvency statistics in 2023. The sector has seen record levels of businesses folding – more than 4,000 in Q3 2023, or 18% of all cases in an identifiable industry - amid surging inflation and a 15-year...

In case anyone needed confirmation that the Insolvency Service is stepping up action against businesses which have abused the government’s Bounce Back Loan (BBL) Scheme, look no further than the 20  month custodial sentence (suspended for two years) meted out in...