Category: UK Economy

When Liquidation Marks The End of The Road

Much has been written about the sad loss of BHS,  one of the UK high street’s most recognisable stores but only now has the final nail been hammered into the coffin. While you would be forgiven for thinking that BHS met its end months ago, the company had been in administration while a better deal…




What is an Insolvency Practitioner And What Do They Do?

Insolvency is a process that begins when a company for various reasons is unable to keep up payments on its debts. There are various routes a business can take as part of an insolvency process and it is the job of an insolvency practitioner to not only participate in procedures but also offer the best way forward…




Smaller Independent Energy Suppliers Face Bankruptcy

Volatility in the wholesale energy markets and high levels of competition could send some suppliers hurtling towards bankruptcy according to Co-op Energy. A leading energy supplier has warned that rising wholesale power prices and a highly competitive retail market could force one or more of the new independents out of business this winter. While consumers…




Bernard Matthews Pre-Pack Deal Tough On Pensioners

The pre-pack sale of one of Britain’s iconic meat firms has been tough to swallow for pensioners who will see cuts to their pensions as a result of the deal. Rutland Partners, the firm which had previously owned turkey suppliers Bernard Matthews sold the company to Ranjit Boparan as part of a pre-pack sale. While the deal was…




Relief For Businesses As UK Economy Grows

Business owners who may have been nervous about the immediate future will welcome news that the UK economy actually grew by 0.6% in the second quarter of this year. Positive news released in the past 2 weeks also showed a strong rebound in the service sector and growth in manufacturing which will have led to a…