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Restructuring News - 12 Dec 2017

Still time to beat the axing of credit card tax payments

I normally pay my tax return liability with my credit card when my accountant completes and files my tax return during the last week in January. I have read that I will no longer to be able to use my credit card. Is this correct?

Restructuring News - 04 Dec 2017

Hamilton Coach Holidays Creditors asked to come forward

Accountancy firm PKF Francis Clark are calling on the creditors of Hamilton Coach Holidays to come forward. David Hamilton who traded as Hamilton Coach Holidays, 4 Trinity Street, St Austell, was made bankrupt on 21 September 2017. Stephen Hobson and Lucinda Coleman of PKF Francis Clark were appointed Joint Trustees on 2 October 2017.

Restructuring News - 30 Nov 2017

Record number of insolvencies could lead to the death of ‘Zombie’ companies

Figures released this week by the Insolvency Service have shown an increase in the number of individuals who are unable to pay their debts.

Restructuring News - 29 Nov 2017

Office furniture maker acquired out of administration

A £6m-turnover Oxfordshire business which has been manufacturing office furniture for 30 years has been acquired out of administration, saving about 60 jobs.

Restructuring News - 28 Nov 2017

The importance of appointing a restrucuring professional

Have you heard about the ICAEW's campaign to raise awareness of the value of appointing a restructuring professional?

Restructuring News - 16 Nov 2017

Household debt now at its lowest level since 2005

Household debt is now at its lowest level since 2005, and is over 30pc lower than its 2008 peak, according to the latest accounts from the Central Bank of Ireland (CBI).

Restructuring News - 16 Nov 2017

Does my business need help?

Nobody likes to admit that their business is facing difficulties. However, recognising early on that a company may have problems can buy you the time you need to seek help, turn the business around, refinance or sell. This protects management, employees and the company’s key shareholders.

Restructuring News - 14 Nov 2017

Disrupting Financial Distress - the ICAS insolvency and restructuring conference

This week I held my third and final ICAS restructuring conference as chair and I find myself reflecting on what has happened over the last 12 months and, indeed, during the three years I have chaired the conference.

Restructuring News - 06 Nov 2017

Interest rate increases – what does it mean for individuals and businesses?

The Bank of England have voted to increase UK interest rates for the first time in more than a decade. Interest rates were adjusted from 0.25 per cent to 0.5 per cent in a bid to keep a lid on inflation. Although the announcement itself didn’t come as a surprise, it was significant in my house as it marked the first time interest rates had risen since I got my mortgage. So what is the potential impact on borrowing costs for individuals and businesses?

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