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TURNAROUND, RESTRUCTURING & INSOLVENCY NEWS

Commerzbank spends €976m on restructuring plan

Commerzbank spends €976m on restructuring plan

05 Aug 2021Thomas Parker
Commerzbank reported operating profits of €32m (£27.2m) in the second quarter of 2021 - a year-on-year drop of 84.2% when compared to the €205m (£174m) it generated in 2020
Corporate insolvencies up 63% in June 2021

Corporate insolvencies up 63% in June 2021

22 Jul 2021Thomas Parker
Businesses are being urged to act early and seek advice if they are struggling financially
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Most recent in TRI

Most recent in TRI

Hurricane Energy net free cash position "proves liquidity" 

Hurricane Energy net free cash position "proves liquidity" 

21 Jul 2021
Hurricane Energy has recorded a small increase in net free cash in between 31 March 2021 and 30 June 2021, going from $127m (£93.2m) to $134m (£98.3m)
Mazars appointed Arcadia Group liquidators

Mazars appointed Arcadia Group liquidators

19 Jul 2021
Mazars has been appointed the liquidators of Arcadia Group, with accountants from the firm looking to recover at least £30m for creditors
FCA “does not plan to formally oppose” Provident scheme

FCA “does not plan to formally oppose” Provident scheme

14 Jul 2021
The Financial Conduct Authority (FCA) has published a second “letter of concerns” with regards to Provident’s proposed consumer credit division (CCD) scheme of arrangement
Insolvencies more than halved in H1 2021

Insolvencies more than halved in H1 2021

12 Jul 2021
The number of companies to fall into administration or receivership in the first half of 2021 was at 301, down by more than half when compared to the 655 reported in the first half of 2020
Opinion: Why banks and lenders must signpost turnaround to SMEs

Opinion: Why banks and lenders must signpost turnaround to SMEs

07 Jul 2021
As businesses begin to emerge into a tough post-pandemic financial world, the Lending Standards Board’s senior insight manager Harry Hughes explores how financial service firms can best support their business customers

More news

Corporate insolvencies up 31% in 2021 Q2 

Corporate insolvencies up 31% in 2021 Q2 

02 Aug 2021Thomas Parker
Creditors’ voluntary liquidations (CVLs) in England and Wales went up by 39% in the second quarter of 2021 when compared to the first quarter, going from 2,032 to 2,819
Greensill failure doesn’t demonstrate need for regulation, says Treasury Committee

Greensill failure doesn’t demonstrate need for regulation, says Treasury Committee

21 Jul 2021Thomas Parker
The collapse of Greensill Capital does not demonstrate the need to bring supply chain finance within the perimeter for financial services, the UK parliament’s Treasury Committee has said
Credit Strategy events return in-person this September

Credit Strategy events return in-person this September

16 Jul 2021Thomas Parker
As lockdown restrictions lift next week (19 July), Credit Strategy can announce that, from September, all its events will return to being face-to-face and in-person
Greensill approved to be Covid lender, investigation finds

Greensill approved to be Covid lender, investigation finds

07 Jul 2021Thomas Parker
Greensill was accredited by the British Business Bank as a lender under the government’s Covid-19 business support scheme, a review from the National Audit Office (NAO) has found

TRI 250 - an index of influence and best practice

Index of influence in turnaround, restructuring and insolvency
Chris Campbell

Chris Campbell

Investment Director
rcapital
Frances Coulson

Frances Coulson

Senior Partner Head of Insolvency & Litigation
Moon Beever
Kirstie Provan

Kirstie Provan

Partner
Begbies Traynor Group
Neal Weekes

Neal Weekes

Director
Gordon Brothers international LLC
Steven Cooklin

Steven Cooklin

Chief Executive
Manolete Partners
See all TRI 250 members

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Premium: The outlook in credit as Brexit approaches

With just weeks left before a potential disorderly exit from the EU, Credit Strategy highlights why credit professionals should be aware of consumers’ inability to absorb a shock and why younger customers could be most at risk

Economic Outlook: Eurozone growth at decade high - Professor Trevor Williams

Presentation by Professor Trevor Williams, former Chief Economist Lloyds Bank Plc, at the TRI Conference 2017

Litigation Funding: de-risking restructuring and turnaround - Maurice Power, Ferguson Litigation Funding

Presentation by Maurice Power, Ferguson Litigation Funding at the TRI Conference 2017

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