Our Business Risk Adviser, Nick Hood is quoted in the LexisNexis RandI review of the UK insolvency market in 2015. 2015 has been another depressing year for insolvency practitioners and restructuring professionals, with a further downward twist of the spiral of falling insolvency volumes and even fewer cases with any significant value of recoverable assets….. Click here to
Our Business Risk Adviser, Nick Hood is interviewed live by Sally Bundock on BBC World Business Report on the many commercial and financial challenges facing the iconic fashion house, Prada. Click here to watch the video
Opus Partners Colin Wilson and Trevor Binyon have been appointed as the Administrators over fancy box manufacturer, Boxperfect, which was a supplier to Fortnum & Mason. An Essex-based maker of presentation and gift boxes which can trace its history back to 1885 and supplies the likes of upmarket department store Fortnum & Mason has entered administration with job losses Click
Opus comments for City AM on the nightmare financial scenario facing the UK care home market as the introduction of the National Living Wage next April looms: Hundreds of British care homes are facing financial ruin as a result of the Living Wage, with the sector expected to come up against a £500m funding gap next year….. Click here to
Opus comments in the Independent on the challenges facing retailers from introducing the Living Wage. Firms will only have to pay the “national living wage” to staff aged 25 or over when it starts in April. Under half of top retailers have so far promised to pay all staff the same rate for the same work, regardless of age. Simon Neville
Opus describes the threats facing the UK residential care market in a review by the Sunday Express. Research shows that out of the UK’s 5,500 care home operators, as many as 1,650 companies are struggling financially, of those up to a quarter, which account for 1,500 sites, to fall into insolvency over the next three years. Click here to read the full story
