Insolvencies in the UK Q4 2002

There were 4,323 company insolvencies in England and Wales in the fourth quarter of 2002 on a seasonally adjusted basis. This was an increase of 11.1 per cent on the previous quarter and an increase of 14.9 per cent on the same period a year ago.

Penalties beefed up over late payments

Disputes over late business payments are popularly depicted as a David and Goliath struggle between a small supplier and a stronger, infinitely wealthier procurer, whose parsimonious behaviour threatens the very existence of the former.

Bankers and lawyers advise investors to flee the retail sector

Bankers and lawyers are advising investors to pull out of the retail, automotive, insurance, household and textiles and telecom sectors in the next three months, according to Grant Thornton's quarterly Recovery and Reorganisation Barometer of key

Experian reports dramatic fall in insolvencies in January 2003

The UK recorded a dramatic fall in business failures in January following the introduction of the new Voluntary Arrangement moratorium procedures which came into force on 1 January 2003, according to the latest insolvency figures released by Exper

RBS' invoice discounter poaches GE Capital man

Euro Sales Finance, the invoice discounting and factoring services arm of RBS, has appointed Steve Merchant, ex-regional director of GE Capital Commercial Finance, as director for the Midlands, South West and Wales.

North West is the company collapse capital of the UK

Bolton and Manchester are the UK's biggest business graveyards with more than twice the national average of companies going bust, new figures from the Association of Business Recovery Professionals (R3) show.