Five directors from a claims management business have been disqualified for a total of 28 years. The five must not take part, directly or indirectly in the promotion, formation or management of a company or limited liability partnership. McCaskill & Morse Limited (McCaskill) went into administration in November 2015. During their investigations, The Insolvency Service […]

Andrew Nichols and John Butler of Redman Nichols Butler were appointed joint liquidators of a Yorkshire based property rental business. After struggling for a while the business had to close due to increasing trading conditions. For more information on bankruptcy, liquidation, administration and all the other insolvency procedures, or to take advantage of our free […]

Key highlights Leading UK manufacturer and supplier of sliding, folding partition systems. Consistent annual turnover of around £3.4m Diverse customer base Modern plant and equipment with no significant capital expenditure requirements Highly experienced workforce with low staff turnover Any interested parties to contact Andrew Baitson of Gilbert Baitson on T: 01482 500 500. Any offers […]

It has been reported that Jamie Oliver is attempting to strike a deal with his creditors by proposing a Creditors Voluntary Arrangement (CVA). Under the terms of the proposed CVA, the Jamie Oliver Restaurant Group are planning to close several loss making restaurants and re-negotiate the rent on several others. A CVA is a little […]

It appears that an increasing number of ex-professional footballers are being declared bankrupt. Steve Watson, ex player of Newcastle United, Aston Villa, Everton and West Bromwich Albion was declared bankrupt in September 2017.  He ended his playing career at Sheffield Wednesday, however, he now manages National League side Gateshead. It is currently unclear as to […]

The director of Raptor Commerce Limited, Mr Naeem Shakoor, has been disqualified from being the director of a limited company for 13 years. Raptor Commerce Limited was placed into compulsory liquidation and during the insolvency practitioners investigations it came to light that Mr Shakoor allowed the company to make a wrongful claim for a VAT […]

Are you or your clients owed money by Carillion? …. Our top 5 tips…  Carillion went into liquidation on Monday and initial reports suggest that it is unlikely that there will be a return to the unsecured creditors. Our concern is the effects that this will have on the 30,000 sub-contractors employed by Carillion and […]

Carillon likely to be placed into administration or liquidation today as talks with its lenders breakdown Carillion employs 20,000 people in the UK but has debts of more than £1.5bn including a huge shortfall on its pension scheme. It is a huge supplier in the public sector and in the last 6 months was awarded […]

Andrew Nichols and John Butler were appointed joint liquidators of a well known car body repair shop business in Scunthorpe.  Having traded for 5 years or so, the company was faced with losing one of its biggest clients.  This, along with the ever increasingly difficult trading conditions, caused the company to cease to trade, resulting […]

Further to our article last week regarding the precarious position of Toys r Us UK Limited, it seems that the company has had a stay of execution, but at a cost. Last Thursday the creditors had to vote on a proposed Company Voluntary Arrangement (CVA). It was expected that the Pension Fund, the major creditor, […]