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The bidding for British Steel has come to an end

A bid thought to be worth between £60 and £70 million has been accepted for British Steel. The Turkish company, Ataer Holding, has emerged as the soon to be owner of British Steel. Ataer Holding is the largest stakeholder in a Turkish steel group, Edermir with 49.3% of shares. Edermir is Turkey’s largest steel producer. […]

FOR SALE IN ITS ENTIRETY

We are seeking offers for the assets belonging to a Commercial Vehicle Repair and Service Centre located in West Yorkshire. The assets consist of 2 x 40’ Steel Shipping Containers Renault 385 Tractor Unit V458*** Ford Transit Hi Roof Van BX61*** Astra Van FM54*** Astra Van FE05*** Stenhoj 5 Ton Four Post Ramp 2009 Tecalemit […]

Save the date!

We are delighted to announce that Paul Davison from PD Tax Consultants, an independent tax expert, will be presenting at a series of breakfast tax seminars’ in the autumn. Subjects covered will be, how to work with clients to produce a tax strategy, when to incorporate (sole traders, partnerships and landlords) and the construction industry […]

HMRC top of the pile

And the winner is……. HMRC!   From April 2020, HMRC will become a secondary preferential creditor in any insolvency process. In justifying this decision, the Government say that it is an attempt to put more taxes into public funded services.   This new status will only apply to certain taxes, i.e. those which are held […]

Are we saying goodbye to the high street?

Footfall on the high street is rapidly declining as we are more and more turning to retail parks with facilities all under one roof. A survey showed that in July shopping center footfall fell by 3.1% and high street footfall fell by 2.7%. On the other hand, footfall in retail parks increased by 1.2%. Ms. […]

Diamond traders lose their sparkle

Jan Maarten Asscher and Mark Timothy Walker have a combined total of 70 years trading in the diamond industry. Clarity Diamonds was incorporated in 2014, however in June 2017 the company entered Creditors Voluntary Liquidation with debts of over £1 million. Mr. Asscher has signed a disqualification undertaking after being found guilty of falsifying sales […]

More holiday chaos

It was bad news for holiday makers who have booked through Super Break and Late Rooms this morning, as these firms both entered administration while the Malvern Group which incorporates both firms, has ceased to trade. Hotel only holidays booked though Super Break will be cancelled, those currently away on their holidays may have to […]

RNB Smart Guide to Insolvency

Redman Nichols Butler Insolvency Presentations We have been presenting our ‘Smart Guide to Insolvency’ to many professional teams and we have had good feedback. If you think your team would benefit from the presentation, let Stella Flemmings know and we can arrange to come to your offices, all we ask for is a cup of […]