The recent £1.7bn takeover of Virgin Money by the Clydesdale and Yorkshire Banking Group is expected to lead to the loss 1,500 jobs, many of which will be in senior management positions. The redundancies could amount to 16 percent of…
It has long been the case that those who use tax avoidance schemes have borne the brunt of the authorities, but now those who provide the advice that leads to the implementation of such schemes could be investigated too. In…
Boulestin, the highly regarded French restaurant located in the heart of Mayfair, has avoided administration and found a buyer. The up-market eatery that is frequented by wealthy residents and financiers called in the administrators on 8 February and was acquired…
Designer Ideas Limited, the award-winning ethical bedmaker known as Warren Evans called in the administrators on 6 February in spite of strong Christmas sales. The London bed and furniture manufacturer has 14 showrooms across the Capital and the South-East of…
East Lifestyle Limited, the high street bohemian fashion retailer known as East has entered administration for the second time in three years, putting hundreds of jobs at risk. The womenswear retailer was founded by former Monsoon staff and opened its…
The assets of independent publishing houses Black Dog Publishing and sister company Artifice Books on Architecture, Art and Design (ABAAD), went into limited company liquidation last month, have been acquired by global contract publishers St James’s House Media Group. Publishing in…
After finalising a Company Voluntary Arrangement (CVA) with creditors for Jamie’s Italian restaurant chain, the celebrity chef has now acquired one of the two existing Barbecoa steakhouses in a pre-pack deal. The formal insolvency procedure allows current business owners, shareholders,…
HMRC Bans Use of Personal Credit Cards to Make Tax Payments The number 13 is unlucky for some and there will be hundreds of thousands of low income taxpayers who will feel that they have been cursed when they are…
3,200 Jobs could be Lost if Toys ‘R’ Us Rescue Bid Fails Toys ‘R’ Us UK could be facing collapse this week unless the retailer can find £9m to pump into its pension scheme. The firm has already proposed a…
Against a backdrop of low economic growth and poor productivity, Mr Hammond delivered his second Budget of 2017 to Parliament, outlining Britain’s investment plans for the years ahead. One of the key themes of this Budget was solving the housing…
