Distressed Businesses


How distressed are UK businesses really?

DISTRESSED BUSINESSES

With the UK economic downturn having arguably bottomed out, few would dispute that the 'recovery' remains fragile. At the coalface of the commercial sector, over 160,000 companies are experiencing significant or critical...continue reading


Construction business in administration

DISTRESSED BUSINESSES

Inverness-based Highland Quality Construction, one the largest civil engineering contractors in the north of Scotland, has reportedly gone into administration. No one at the company could be contacted to confirm this. However, su...continue reading


Opportunities for entrepreneurs to buy failing businesses

DISTRESSED BUSINESSES

Now that we are technically out of recession, many businesses are still facing uncertainty in the face of a sluggish UK economy. However, there continues to be good opportunities for entrepreneurs to buy struggling businesses. Rec...continue reading


Number of businesses falling into administration slows

DISTRESSED BUSINESSES

Aggressive cost cutting and improved cash management by firms has meant the number of businesses falling into administration dropped in 2010. The number of businesses that went into administration in the first quarter of 2010 was ...continue reading


Reader's Digest UK officially files for administration

DISTRESSED BUSINESSES

Reader's Digest has gone into administration after talks between its US parent group and the UK pensions regulator over its UK pension fund broke down. The negotiations concerned how to fund the firm's £125 milli...continue reading


Nearly two out of three businesses refused finance

DISTRESSED BUSINESSES

Despite the government's attempts to boost business lending, nearly 60 per cent of UK companies were refused credit by their banks last year, leaving a fifth to turn to credit cards to finance their enterprises. That's ...continue reading


Winding-up order adjourned but Portsmouth administration inevitable?

DISTRESSED BUSINESSES

It might have been given a week-long stay of execution after the winding-up petition against it reached the High Court yesterday, but don't be surprised if Premier League club Portsmouth is tipped into administration anyway. ...continue reading


Football clubs have wind-up orders adjourned

DISTRESSED BUSINESSES

There's plenty of talk about Portsmouth today after the High Court adjourned its winding-up order for seven days. Her Majesty's Revenue and Customs (HMRC) revealed the club owes £11.5 million and declared it "ins...continue reading


End of tax scheme to prompt wave of distressed businesses for sale?

DISTRESSED BUSINESSES

In another indication that the UK can expect to witness a selection of distressed businesses for sale towards the latter end of 2010, the government has been warned of a ticking time bomb of company closures and job losses when it...continue reading


Ethel Austin falls into administration threatening thousands of jobs

DISTRESSED BUSINESSES

It looks like January’s cold-snap has found another victim, in the shape of retail clothing chain Ethel Austin. Some 3,700 jobs are at risk as a result of the firm’s fall into administration, along with its sister com...continue reading


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