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Harvey Nichols has entered administration and been acquired by Frasers Group in a pre-pack transaction worth approximately £40m, turning this week's warning over the retailer's cash position into a formal insolvency event with direct consequences for suppliers and creditors. Frasers...
#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
The trade credit and surety insurance industry can look back on positive development over the last 20 years, reveals Robert…
#artificial intelligence#insolvency#management
In the wake of an economic downturn, Central and Eastern European (CEE) countries witnessed a dramatic surge in company insolvencies…
#COVID#COVID-19#insolvencies