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    Insolvency

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    • Friday, 10 November, 2023
      Neil Torney
      When the Bank of Mum and Dad should think twice

      Parents should finance property and pocket money, not corporate cash

    • Tuesday, 31 October, 2023
      UK economy
      Company insolvencies in England and Wales at highest level since 2009

      Increase in liquidations driven by high borrowing costs and slowing demand, says government agency

      The Bank of England
    • Monday, 11 September, 2023
      UK ministers drop insolvency watchdog plans in sector shake-up

      Proposals to regulate firms bring them in line with the likes of audit and legal services

      Bed manufacturer Silentnight’s factory in Barnoldswick, Lancashire
    • Monday, 11 September, 2023
      Wilkinson Hardware Stores
      PwC confirms Wilko to close remaining 300 stores

      Total of 12,500 jobs at risk as chain disappears from high street after almost a century

      A Wilko store in Altrincham, England
    • Thursday, 24 August, 2023
      Construction sector
      UK construction companies go under at fastest rate in a decade

      More than 4,000 operators become insolvent within a year as cost inflation and housebuilding slowdown bite

      Men on scaffolding
    • Wednesday, 28 June, 2023
      Q&AYour Questions
      Am I liable for my company’s tax liabilities?

      I own a couple of restaurants that were turning over a good profit before Covid-19 but have struggled since.

    • Wednesday, 21 June, 2023
      Luxury goods
      UK fashion brand Christopher Kane on brink of collapse

      Retailer’s woes follow the administration of upmarket Hunter Boots

      Creations from fashion designer Christopher Kane
    • Friday, 16 June, 2023
      Corporate insolvencies surge in England and Wales in May

      Liquidations nearly double pre-pandemic levels as businesses struggle with inflation and rising borrowing costs

      People pass a shop showing a closing down sale poster
    • Monday, 29 May, 2023
      UK economy
      Insolvency risk rises for larger UK companies as inflation bites

      Combination of Brexit, pandemic and price and interest rate rises has hit groups

      A woman walks past a boarded-up shop in Northampton, England
    • Tuesday, 18 April, 2023
      UK economy
      UK insolvencies rise 16% in March as higher costs hit businesses hard

      Last month saw the highest year-on-year increase since the comparable official data was first published at the start of 2019

      Sign outside the Insolvency Service branch in Southampton
    • Tuesday, 18 April, 2023
      Food & Beverage
      UK food and drink sector hit by surge in corporate insolvencies

      Suppliers to Tesco and Pret A Manger among those to succumb to ‘perfect storm’ of pressures

      A Pret A Manger store in London
    • Tuesday, 14 March, 2023
      UK economy
      Corporate insolvencies rise 17% in England and Wales

      Increase in liquidations partly due to more winding-up petitions from tax authority, says government agency

      A shop in London advertising a closing down sale
    • Saturday, 11 March, 2023
      On Wall StreetMark Vandevelde
      Highland court saga tests fact vs fiction

      Dallas judge’s novel that features a financier is raised in court battle

    • Tuesday, 31 January, 2023
      UK economy
      UK companies fail at fastest rate since financial crisis

      Insolvencies reach highest level since 2009 and mortgage approvals slide amid housing market downturn

      Store closing signs in the windows of Orvis, a seller of attire for anglers and the outdoors
    • Tuesday, 13 December, 2022
      UK economy
      UK company failures predicted to surpass 2009 peak

      Corporate recovery specialists say end of government pandemic support to worsen outlook for struggling groups

      A shopper walks past a closing down sign in the window of the now-closed House of Fraser department store on Oxford Street in central London
    • Friday, 16 September, 2022
      UK economy
      Corporate insolvencies jump in England and Wales as soaring costs bite

      Figures highlight effect of higher interest rates and spiralling energy bills on businesses

      A closing down sale at a store in central London
    • Tuesday, 21 December, 2021
      Lex
      Insolvency practitioners: reforming an industry riven with conflicts of interest Premium content

      Self-regulation has clearly not worked and proposed changes should not be watered down

      Workers in the mattress manufacturing area of a Silentnight factory
    • Tuesday, 21 December, 2021
      Independent watchdog to oversee UK insolvency sector

      Government proposals following a series of scandals would end decades of self-regulation

      Closing down sale signs in a shop window
    • Sunday, 19 December, 2021
      KPMG UK
      KPMG blocks referrals to former insolvency unit over Silentnight scandal

      Decision is part of firm’s attempts to repair image after series of fines and investigations

      KPMG’s logo above the entrance to the company’s offices in Frankfurt
    • Friday, 22 October, 2021
      UK economy
      Small UK businesses consider insolvency to escape state Covid loans

      ‘Toxic debt’ becomes growing burden a year after companies borrowed heavily to survive

      Pedestrians walk past a closed souvenir stall and government messaging in London last winter
    • Monday, 18 October, 2021
      Inside BusinessSujeet Indap
      Hedge fund reaps big gains with bet on retailer Claire’s Premium content

      Elliott’s investment tactics in bankrupt companies assailed by rivals

      Shoppers at Claires outlet store
    • Thursday, 14 October, 2021
      The FT ViewThe editorial board
      Policing the ‘wild west’ of UK insolvencies

      A forecast wave of post-pandemic business failures should prompt an overhaul

      A man wearing a mask walks past a sign in a shop window saying ‘going out of business, everything must go’ in Stockport, England
    • Sunday, 15 August, 2021
      News in-depth
      Misconduct cases bring UK insolvency ‘wild west’ into focus

      Light-touch regulation raises concerns ahead of expected rush of work as pandemic business support is withdrawn

      The KMPG office in Canary Wharf in London
    • Wednesday, 28 July, 2021
      Lex
      Lex Letter from London: the umpires strike back as auditors ready legal defences Premium content

      Audit firms have strong defence against claims: negligence and detriment have to be provable

      The wigs of three barristers outside court
    • Tuesday, 22 June, 2021
      UK economy
      HMRC to go easy on struggling UK companies to help with Covid debt

      Business secretary promises ‘cautious approach’ on collection of tax arrears built up during pandemic

      Closed shops on Camden High Street, London, England
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