We have today published a detailed report into the parlous financial state of the UK care home market. Our findings are based on research carried out using the database and methodology of the financial health monitoring specialists, Company Watch. In essence, 28% of care home operators (1,718 in all) are so financially vulnerable that they face the risk of insolvency.
Consultancy.uk reports on research by Opus & the financial health monitoring specialists, Company Watch which shows that even when pre-pack sales are included, only 30% of businesses put through the Administration process survive. “Nick Hood of Opus believes that a lot more troubled businesses could be rescued if they sought much earlier help from specialist advisers, allowing the business to leverage
We are delighted to be the principal sponsor for the 2017/18 Funding & Finance Directory, which is an invaluable tool for anyone working in the business finance sector, or businesses looking to raise funding. It provides a wealth of expert comment, as well as the contact details of professionals who can assist with accessing facilities for businesses. “At the end
After ex-owner, Dominic Chappell is arrested in connection his private tax affairs, Evening Standard reporter Jo Bourke writes about this latest twist in the extraordinary collapse of retail giant BHS. Our Business Risk Adviser, Nick Hood commented: “Even hard-bitten insolvency experts are finding it difficult not to wonder what on earth might happen next.” Click here to read the full
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
