Philip Shiner from Birmingham, has given a 6 year bankruptcy restriction undertaking to the Secretary of State.   Mr Shiner thought he would be able to gift his assets to family members and declare himself bankrupt saying that he had no money to pay his creditors after the closure of his law firm, Public Interest […]

A little bit of insolvency history …….

In February 1966 the Cavern Club in Liverpool went into liquidation. The Cavern Club first opened its doors in 1957 as a jazz club. The building had been used as a fruit warehouse and a WW2 air raid shelter. The club went on to become a skiffle club and then after a change in ownership […]

Toys Were Us!!

On Wednesday of this week it was announced that two high street giants had entered into administration, Toys R Us and Maplin. With a potential loss of around 3,200 jobs, Toys R Us failed to come to an agreement with their creditors and the administrator is now in the process of selling off remaining stock […]

Disqualification for 5 directors…

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 […]

Property Rental Business

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 […]

Business for sale

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 […]

The Naked Chef – paring down

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 […]

Another footballer takes a financial dive….

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 […]