Insolvency News Archives

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Patisserie Valerie Saved by Last-Minute Injection of Dough

After news broke last week that Patisserie Valerie was heading towards administration, the situation looked bleak for the bakery’s 206 shops and 2,800 staff. But...

The Orla Kiely Fashion Brand Shuts Up Shop

The latest tale to add to a summer and now autumn of high street woe is the collapse of the Irish fashion brand Orla Kiely,...

Virgin Money Takeover to Lead to 1,500 Redundancies

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...

MPs Set to Grill Accountants on Tax Avoidance Schemes

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...

London’s Boulestin Avoids Closure as Administrators Find Buyer

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...

London-Based Bedmaker Warren Evans Tumbles into Administration

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...

East Goes into Administration from London Retail Downturn

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...

London’s St James’s House Media Expands Trade arm with Black Dog Publishing Assets

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...

Jamie Oliver Saves London’s Barbecoa just as CVA for Jamie’s Italian Chain is Approved

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...

Autumn Budget 2017: Cross-sector coverage and highlights

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...

What are the Paradise Papers and who are Named in the Scandal?

The leaked Paradise Papers reveal how large multinational corporations, such as Apple and Nike avoid paying taxes, and how the world’s rich and famous, including...

Monarch Files for Insolvency in UK’s Biggest Airline Collapse

At the start of this month, many UK holidaymakers were greeted with the shock news that the UK leisure carrier Monarch Travel Group had suspended...