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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.

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>

Third of British businesses concerned about Brexit supply chain impact, R3 research finds

Posted on: 06.10.19
One third (33%) of UK businesses are concerned about the potential impact Brexit will have on their suppliers and customers, according to new research from R3, the... <a href="http://www.r3.org.uk/index.cfm?page=1114&element=34002">Read more</a>

R3 responds to Transport Minister’s airline insolvency plans

Posted on: 24.09.19
More consultation is needed before the Government progresses plans to change how planes are used in airline insolvencies, R3, the insolvency and restructuring trade body,... <a href="http://www.r3.org.uk/index.cfm?page=1114&element=33999">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.

Serious debt and personal insolvencies highest in UK seaside towns

Posted on: 11.11.19

British seaside towns dominate rankings for the areas with the highest levels of personal insolvencies in the UK, according to research from accountancy firm UHY...

QuickQuid owner Enova to exit UK market

Posted on: 11.11.19

The UK’s largest payday lender, QuickQuid, is to close after its US-based owner, Enova, announced it plans to withdraw from the British market.

Enova cited “regulatory uncertainty” as a...

All 79 Mothercare UK stores to close as PwC administrators called in

Posted on: 07.11.19

Around 2,500 Mothercare UK jobs are at risk after PwC administrators Zelf Hussain, David Robert Baxendale and Mark Banfield were appointed as joint administrators to...

Directors of insolvent companies which used tax avoidance schemes could face huge bills

Posted on: 07.11.19

A court judgment could see company directors and shareholders pursued for millions of pounds for funds paid into tax avoidance schemes.

The...

KPMG administrators appointed to Toto Energy

Posted on: 06.11.19

Steve Absolom and Will Wright of KPMG have been appointed joint administrators of Toto Energy, with its customers transferred to EDF Energy.

Brighton-based Toto Energy supplied gas...

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