Accountancy Live reports on research by Opus Restructuring & Company Watch, which confirms that in over two thirds of all Administrations started and completed in England & Wales in the past five years there has been no business rescue. Nick Hood, business risk adviser at Opus Restructuring, said: ‘Around only 30% of business rescue attempts through the administration process are
Our Head of Disputes & Forensics, Liz Coleman answers an IT contractor’s question on the Contractor UK website. “In terms of timing, a consultation did indeed close last month and the general expectation now is that this legislation will be enacted around the time of the Autumn Statement on 23 November. As this could happen, and if it does it
Our Business Risk Adviser, Nick Hood was interviewed live this morning on BBC World Business Report by Sally Bundock on the latest quarterly results from and the future prospects for the Chinese online retail giant, Alibaba. Click here to see the video
Following publication of research by Opus Restructuring and Company Watch which confirmed that over two thirds of business rescue attempts via the Administration insolvency procedure fail, the credit risk management media is commenting: Click here to see full CCR Magazine article Click here to see the full Credit-Connect UK article
Using the analytics function at financial evaluation experts Company Watch, Opus Restructuring has examined the outcomes of all Administration cases in England and Wales, which commenced in the past five years and confirmed that 70% of the attempted rescues failed to save the business on a long term basis. Nick Hood, Business Risk Adviser at Opus Restructuring, said: “Our research shows that, at best,
The UK retail sector is experiencing a pernicious pincer effect on its already vulnerable profitability as top line income falls and the weakness of sterling drives up the cost of the imported goods they sell. To make matters worse, a huge hike in business rates in high density city centres and shopping malls comes into effect next April. Click here to
