City AM retail reporter, Helen Cahill reports that a triple-blow of tax hikes, rising costs and a squeeze on consumer spending is threatening to wipe out thousands of British retailers, with a string of familiar high street names expected to fall into administration this year. Nick Hood, a business risk adviser at Opus Restructuring, said between five and 10 high-street names
Concern at the rapidly escalating social care crisis in the UK has been growing for some time. This prompted emergency financial assistance from the Treasury in this month’s Budget. Nick Hood, the Business Risk Adviser at Opus has been working with the BBC for many months to provide financial analysis of one part of the social care system, the domiciliary sector.
The parlous financial state of the UK’s domiciliary care sector has been the subject of increasing debate and public concern since government austerity measures began to bite into local authority budgets and as the largest by far cost component for most domiciliary care providers, labour costs have risen inexorably to increasingly unsustainable levels. Company Watch and Opus Restructuring have now
FT reporter, Gill Plimmer writes that the UK’s care home industry is “on the brink of collapse” with companies either going bankrupt or pulling out of contracts. This is the conclusion of a joint report published by the Local Government Information Unit and one of the largest providers, Mears. Mears says it loses £3m a year on its home care business
When whatever it is that they’re protesting about gets waved through by the government, we tend to forget protesters. Even before their arguments get discarded by officialdom, their credibility can suffer, as the IR35 petition has shown, writes Nick Hood, business risk adviser at Opus Restructuring. But spare a thought today for all those who challenged the T&S legislation, which came into force nearly
Josh Robbins reports for the International Business Times on the financial and operational crisis engulfing the social care system in the UK. Domiciliary care companies have cancelled contracts with nearly half of the UK’s councils because they were not being offered enough money to break even, according to the BBC. Its research also found that one in four home care providers
