The Doncaster Free Press reports on the rescue of local bakery chain, Cooplands which was founded during Queen Victoria’s reign. The sale by the Administrators, Opus has kept the manufacturing bakery and all 29 retail units open and has preserved 150 jobs overall. Administrator, Steve Parker commented: “It would have been a tragedy if such a well-known local business as
Research by Opus and the financial health monitoring specialists, Company Watch has revealed that over two thirds of business rescues attempted via the UK’s premier business rescue tool Administration fail. Our Business Risk Adviser, Nick Hood writes in Real Business on the need for business owners to recognise their financial problems and get specialist help early. “The Opus & Company Watch
Following their appointment as Administrators on 2nd November 2016, Opus partners Steve Parker and Trevor Binyon completed the rescue of Yorkshire bakery chain, Cooplands through a pre-pack sale. All 29 retail units remain open and trading under the new owners, Cooplands Retail Limited, and all 150 staff have been retained. Steve Parker commented: “It would have been a tragedy if such
Management Today has published a hard hitting blog by our Business Risk Adviser, Nick Hood urging business owners and managers of troubled companies to call in specialist help early to maximise their rescue options. “There are really two lessons to be learnt from this research, both giving the same message. For suppliers and other stakeholders, it is better to get
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
