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Restructuring & Insolvency

Opus appointed Administrators of £8m turnover Milton Keynes civil engineering company

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

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Sir Philip Green admits he made “a bad call” selling BHS to Dominic Chappell – City AM reports

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”.

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Reform mania: why is the whole world upgrading its insolvency regimes? Part 3

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

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What to expect from Sir Philip Green’s appearance before MPs

City AM’s retail and property reporter, Helen Cahill looks forward to tomorrow’s appearance by Sir Philip Green before the Parliamentary committees investigating the collapse of retail chain, BHS.  Our Business Risk Adviser Nick Hood provides his thoughts. Hood said: “My feeling is that the thrust of any strategy being set will be to defend his record of managing BHS up

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Only 10 days to save BHS, restructuring guru warns

Our Business Risk Adviser, Nick Hood stresses the urgency in finding a buyer for the residual parts of collapsed retailer BHS in an interview with Evening Standard reporter, Joanna Bourke. “BHS is dying by the day as stock runs low and customers begin to think about where they will shop instead. Speed is of the essence to get any deal

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