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Retail insolvencies affect four times the employees in 2016

Retail insolvencies affect four times the employees in 2016

Final figures for 2016 show retail insolvencies affected four times as many employees and twice as many locations as in the previous year. Over Christmas and the New Year, we looked at the Who’s Gone Bust? report from the Centre for Retail Research, picking out...

Retail company insolvency on the rise in 2016

We don’t need to reach the end of the year to already know that retail company insolvency is up in 2016 when compared with the full 12 months of 2015. Store closures and job losses were driven largely by the collapse of British Home Stores, or BHS, which...

Early insolvency advice saves jobs and businesses

Early insolvency advice has the best chance of saving jobs and of successful business recovery, according to a statement from industry association R3. The trade body for business recovery professionals recently welcomed a new EU insolvency directive that aims to...
What does Brexit mean for business insolvency risks?

What does Brexit mean for business insolvency risks?

Few people would have confidently predicted a firm majority victory for the Leave campaign in June 23rd’s EU Referendum, commonly referred to as Brexit. Yet as the first results began to come in – with the exception of Gibraltar, which understandably voted...

BHS retail’s second-largest company insolvency

BHS is the second-largest company insolvency to hit the retail sector since the onset of the recession, according to the latest Who’s Gone Bust? report from the Centre for Retail Research. In the whole of 2015 there were 25 significant company insolvencies in...
Data breaches raise risk of business insolvency

Data breaches raise risk of business insolvency

Many companies could be at higher risk of business insolvency due to a failure to prepare for the financial impact of data breaches, according to a report from Experian. The credit reference agency notes the increasing prevalence of high-profile data breaches in the...