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True Food Kitchen has entered Chapter 11 protection with approximately US$42.1m of funded debt, closing 12 restaurants and securing a commitment for about US$20m of debtor-in-possession financing as the US restaurant operator pursues a court-supervised sale. The restructuring leaves 34...
#Chapter 11#debtor-in-possession financing#HumanCo
German industrial supplier SBF has cut its 2026 earnings forecast after a customer entered provisional insolvency administration, putting approximately €1m…
#bad debt#credit risk#debtor risk
Harvey Nichols has entered administration and been acquired by Frasers Group in a pre-pack transaction worth approximately £40m, turning this…
#administration#Frasers#Harvey Nichols
UK business insolvencies have increased by 7% month-on-month, highlighting mounting pressure on SMEs as cashflow conditions tighten. Businesses are now…
#Bibby#Cash flow#insolvency
A commodity trading firm has entered administration, raising fresh concerns over counterparty risk and exposure across trade finance markets. The…
#commodity trader#counterparty risk#insolvency
Theo Chatha (pictured), Chief Financial Officer, Bibby Financial Services commented on yesterday’s release of the company insolvency statistics: “While insolvency…
#bad debt#Bibby Financial Services#insolvency
Commenting on UK inflation drop, James Burgess (pictured), Head of Commercial and insolvency expert at Atradius, says: “UK inflation unexpectedly…
#Atradius#insolvency#James Burgess
Tim Cooper, President of R3, the UK’s insolvency and restructuring trade body, and a partner at Addleshaw Goddard LLP, says:…
#insolvency#interest rate#R3
Following today’s interest rates news, James Burgess, head of commercial and insolvency expert at Atradius UK, says: "Having held interest rates…
#Atradius#credit insurance#insolvency
This morning, the latest insolvency figures show registered company insolvencies in England and Wales in June 2024 was 2,361, 16…
#insolvency#Jonathan Andrew
The Conservatives, Labour and Liberal Democrats have all made promises to tackle the late payments crisis harming businesses.Labour says it…
#Atradius#insolvency
New insurer data reveals cost-of-living pressure rising for UK metals sector ahead of green transition boostOne of the UK’s leading…
Research from independent SME funder Bibby Financial Services (BFS) finds that women business leaders are facing gender inequality in commercial…
#financial services#insolvency#interest rates