Yet another high street retailer has closed after a CVA failure. The Yorkshire Linen Co has closed its doors. After agreeing terms of a CVA only four months ago it seems that the store could not fulfill their end of the bargain with the creditors and 27 stores have closed with the loss of 134 jobs. For […]

After being declined further financial support from the government, the UK’s second largest steel firm British Steel has been put into Compulsory Liquidation. The company struggled to stay afloat after being affected by Brexit related matters. British Steel employs 4,500 people and roughly 20,000 people indirectly. If you have any clients affected and couldn’t attend […]

Sir Phillip Green, the owner of the Arcadia Group (Topshop, Dorothy Perkins, Burton, Miss Selfridge, Wallis and Evans) is put under pressure as young consumers are favoring online retailers e.g. Pretty Little Thing and Asos. The increase of online shopping and rent costs on the Highstreet have resulted in a decrease of highstreet shopping. The […]

Redman Nichols Butler are holding two informal business advice clinics at our Scunthorpe office, Normanby Gateway, Lysaghts Way, Scunthorpe, DN15 9YG today, Thursday 23 May and on Tuesday 28 May, from 10am – 4pm, for any of your clients which may be affected by the potential administration. John Butler, a licensed insolvency practitioner and restructuring […]

The future of British Steel is uncertain and it may be facing administration today.  This will potentially have a devastating effect on the supply chain and businesses in the Scunthorpe area.   Redman Nichols Butler are holding two informal business advice clinics at our Scunthorpe office, Normanby Gateway, Lysaghts Way, Scunthorpe, DN15 9YG on Thursday […]

It has just been reported that Jamie’s Italian restaurant group has gone into administration. The move will affect 25 restaurants and puts 1,300 jobs at risk. This comes as no surprise, the restaurant chain has been struggling for the last couple of years, even after Jamie Oliver ploughed £3m of his own money into the […]

The UK’s second largest steel firm, British Steel, is struggling due to Brexit related matters. British Steel employs 4,500 people and roughly 20,000 people indirectly. The firm says it will need further financial support from the government to continue trading. In April 2019 the government lent British Steel £100m after the firm was facing a […]

This time its Giraffe and Ed’s Easy Diner.  The chains are owned by The Boparan Group who bought the struggling chains from Tesco in 2016. However, despite the rise in sales, they have been hampered by rising costs including Business Rates and rents so are in the process of proposing a CVA to creditors.  If […]