A perfect illustration – a road haulage business rescue When a well-established road haulage business came to Opus for advice, the question posed was simple enough: do we have to lose everything by going into Administration? Its owners and accountants were insistent that there must be a better way out of the financial predicament it faced. This was despite a
Hotels repurpose to get through the crisis As the Government belatedly joins the global trend of rigid enforcement of ‘stay home’ strategies, any hope that UK hoteliers may have had of somehow struggling through this tragic crisis with severely limited occupancy rates has evaporated. Guest revenues have finally flatlined and will stay that way for the foreseeable future. Nevertheless, there’s
There are so many survival options for restauranteurs The stress and worry for owners of restaurant and pub businesses and their staff is unimaginable right now. Even before the last two week’s dramatic events, turnover at restaurants had plummeted in the first two weeks of March, then BANG, the Government does its best to destroy your business with two appallingly bad
Opus, a national business advisory, restructuring and insolvency practice has saved 54 jobs and preserved operations at 9 trading units of Concorde Tyre & Exhausts Ltd through a rescue deal agreed with a major competitor looking to expand its business. Concorde Tyre & Exhausts Ltd was seeking inward investment but it became clear that whilst the underlying business was
Business rescue, restructuring & insolvency practice, Opus Restructuring & Insolvency announced its office expansion into Birmingham last summer. Director, Gareth Wilcox looks back over the last quarter and the investment that is going into Birmingham. How has Opus Restructuring & Insolvency been settling into Birmingham? Well actually. Our new office location is working out well and the time has flown
On the 2nd November, the Bank of England’s Monetary Policy Committee (MPC) raised interest rates from 0.25% to 0.5%. By increasing the cost of borrowing and reducing disposable income, the move will limit the growth in consumer spending; which in turn, reduces the rate of economic growth and inflation pressures. With the influence impacting the interest rates charged by banks
