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R3 News

The following information is provided by R3: News and information on insolvency, restructuring and stories from business recovery specialists.

Business bodies warn Chancellor of damage caused by Treasury insolvency cash grab

Posted on: 13.09.19
Leading business groups and insolvency experts have written to the Chancellor to warn that plans to prioritise repayments to HMRC over repayments to other creditors in... <a href="http://www.r3.org.uk/index.cfm?page=1114&element=33882">Read more</a>

Q2 2019 insolvency statistics – R3 response

Posted on: 30.07.19
Commenting on the Q2 2019 (April-June) England & Wales insolvency statistics (published this morning by the Insolvency Service), Duncan Swift, President of insolvency... <a href="http://www.r3.org.uk/index.cfm?page=1114&element=33722">Read more</a>

Scottish Insolvency Statistics (Apr-Jun 2019): Comment from R3

Posted on: 24.07.19
Commenting on the Scottish Insolvency Statistics, April to June 2019, Eileen Blackburn, of R3 in Scotland, the insolvency and restructuring trade body says: Corporate... <a href="http://www.r3.org.uk/index.cfm?page=1114&element=33720">Read more</a>

Personal insolvencies more common among women, in the North East or by the sea – R3 comments on 2018 statistics

Posted on: 17.07.19
More women than men in England and Wales became insolvent in 2018, following a pattern which has been in place for several years, says insolvency trade body R3,... <a href="http://www.r3.org.uk/index.cfm?page=1114&element=33691">Read more</a>

Review of insolvency regulation announced – R3 response

Posted on: 12.07.19
Commenting on the launch of a review of the regulatory framework for the UK’s insolvency practitioners, Duncan Swift, President of the insolvency and restructuring... <a href="http://www.r3.org.uk/index.cfm?page=1114&element=33674">Read more</a>



Credit Strategy News 

The following information is provided by Credit Strategy: News and information for the UK's commercial and consumer credit industry.

MHA MacIntyre Hudson administrators appointed to property firm Inspired

Posted on: 16.09.19

MHA MacIntyre Hudson administrators Mick Sanders and Georgina Eason have been appointed by court order as joint administrators of property development...

Smartwatch firm liquidated with £3m debt

Posted on: 16.09.19

A company looking to launch the world’s first modular smartwatch has entered liquidation.

BLOCKS Wearables was founded in London in 2014, looking to design and manufacture a...

Pawnbroker Ablemarle & Bond Herbert Brown ceases trading

Posted on: 16.09.19

Nearly 400 jobs are at risk after pawnbroker group Ablemarle & Bond Herbert Brown announced is has ceased trading.

In a statement on its website, the...

Turkish army pension fund strikes deal to buy British Steel

Posted on: 02.09.19

Turkey’s military pension fund, Ataer, has reached a deal in principle to buy British Steel out of insolvency.

Heads of an agreement for the purchase have been agreed,...

Solarplicity becomes 13th energy supplier to cease trading since 2018

Posted on: 20.08.19

Around 7,500 customers and just under 500 businesses are waiting for a new energy provider after Solarplicity became the 13th company to collapse out of the energy...

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