Construction News reporter Mark Smulian sets out the details of the deal by Administrators, Opus Restructuring for the sale of certain of the assets of London-based specialist contractor, HOC (UK) and the possible impact on its creditors. “London contractor HOC (UK) has entered administration and been sold in a ‘prepack’ deal after a dramatic surge in turnover last year, as creditors seek to
Care Management Matters magazine has published a feature on the parlous financial state of the UK care sector written by our Business Risk Adviser, Nick Hood. “Unfortunately, little attention was paid to the fundamental flaws in the UK’s residential care home business model. These have since been ruthlessly exposed by the savage reductions in fees paid by local authorities for
Construction News reports that Opus has been appointed as the Administrators of the London-based specialist design and build contractor, HOC. Click here to read the article
Steve Parker and Trevor Binyon have been appointed as Administrators of Swimboard Limited after a £4.75m debt burden forced the company to cease trading. Report by Laurence Kilgannon for Insider Media: “The construction sector in general is under growing financial pressure, so the failure of Swimboard is not entirely surprising in such a low margin and competitive industry,” said joint
City AM retail and property correspondent, Helen Cahill summarises the explosive six hour grilling of Sir Philip Green by the Parliamentary Committees investigating the collapse of retail chain, BHS and quotes our comments on the pension scheme issues. Nick Hood, business risk analyst at Opus Restructuring, said BHS’ £571m pension scheme deficit is the issue “that threatens [Green] the most”.
Corporate Rescue & Insolvency magazine has published the third and final part of a series of articles by Nick Hood & Steve Parker, which investigates why so many countries around the world are changing their insolvency regimes and processes. “In the first two parts of this series chronicling the sudden recent surge of insolvency reform around the world, we concentrated
