News

R3 News

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

R3 responds to the Queen’s Speech

Posted on: 19.12.19

Duncan Swift, President of insolvency and restructuring trade body R3, comments on the Queen’s Speech (19 December 2019): Corporate insolvency reform “We... <a href="http://www.r3.org.uk/index.cfm?page=1114&element=34404">Read more</a>

R3 launches 2019 election manifesto

Posted on: 10.12.19

R3, the insolvency and restructuring trade body, has launched its 2019 election manifesto, which sets out the policies that will help the insolvency and restructuring... <a href="http://www.r3.org.uk/index.cfm?page=1114&element=34195">Read more</a>

Q3 2019 insolvency statistics – R3 response

Posted on: 30.10.19

Commenting on the Q3 2019 (July-September) England & Wales insolvency statistics (published this morning by the Insolvency Service), Duncan Swift, president of... <a href="http://www.r3.org.uk/index.cfm?page=1114&element=34055">Read more</a>

Scottish Insolvency Statistics (Jul-Sep 2019): Comment from R3

Posted on: 22.10.19

Commenting on the Scottish Insolvency Statistics, July to September 2019, Tim Cooper, Chair of R3 in Scotland, the insolvency and restructuring trade body says: ... <a href="http://www.r3.org.uk/index.cfm?page=1114&element=34005">Read more</a>

Queen’s Speech airline insolvency announcement – R3 response

Posted on: 14.10.19

Duncan Swift, President of insolvency and restructuring trade body R3, comments on plans to reform airline insolvencies, which were announced in the Queen’s Speech:... <a href="http://www.r3.org.uk/index.cfm?page=1114&element=34006">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.

Government steps in to prevent Flybe collapse

Posted on: 15.01.20

The government has agreed to allow airline Flybe to defer payment of some taxes in order to “ensure regional connectivity is strengthened”.

Although the full terms of the rescue deal...

UK hotel insolvencies hit five-year high

Posted on: 08.01.20

UK hotel insolvencies hit a five-year high in 2019, rising 60 percent to 144 in the year to September 30, 2019, from 90 the year before.

That’s according to accountancy firm UHY Hacker...

Insolvency Service appoints new chief executive

Posted on: 08.01.20

Acting chief executive Dean Beale has been given the chief executive role permanently.

Beale took up the interim chief executive role in September and took on the role on a...

RSM bosses resign after £4m misstatement in firm's own accounts

Posted on: 06.01.20

The chief executive, chief financial officer and chief operating officer at accountancy firm RSM have resigned their positions after discovering a £3.8m error in its own...

Lendy loanbook in "worse state" than expected, say administrators

Posted on: 06.01.20

Administrators of peer-to-peer lender Lendy have revealed the process has exceeded its original cost estimates after it emerged it is “more complex” than first envisaged...