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TURNAROUND, RESTRUCTURING & INSOLVENCY NEWS

Corporate insolvencies fall again, as lenders provide £35bn of emergency loans

Corporate insolvencies fall again, as lenders provide £35bn of emergency loans

12 Jun 2020Marcel LeGouais
New monthly corporate insolvency statistics out today (June 12) show a decrease in May, compared to a year ago, but this week Treasury figures also revealed businesses have borrowed just under £35bn in emergency loans
Corporate insolvencies fall again, as lenders provide £35bn of emergency loans

Corporate insolvencies fall again, as lenders provide £35bn of emergency loans

12 Jun 2020Marcel LeGouais
New monthly corporate insolvency statistics out today (June 12) show a decrease in May, compared to a year ago, but this week Treasury figures also revealed businesses have borrowed just under £35bn in emergency loans
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Most recent in TRI

Most recent in TRI

Job losses begin at retail and dining chains, as lockdown hits decisive point

Job losses begin at retail and dining chains, as lockdown hits decisive point

12 Jun 2020
Up to 3,000 jobs could be lost across Frankie & Benny’s, while more than 500 have already been cut at the Monsoon Accessorize fashion retailer, as high street firms instigate drastic restructuring plans after the lockdown
Crisis in travel sector claims latest casualty, as coach tour operator collapses

Crisis in travel sector claims latest casualty, as coach tour operator collapses

12 Jun 2020
More than 2,400 jobs were lost and 64,000 bookings cancelled at The Specialist Leisure Group (SLG), owner of coach holiday operator Shearings, after EY were appointed as administrators
Freedom of information request reveals peak in housebuilder insolvencies

Freedom of information request reveals peak in housebuilder insolvencies

12 Jun 2020
The number of insolvencies among housebuilders are at their highest for four years, according to data obtained from the Insolvency Service
Corporates taking emergency funding forced to curb executive pay

Corporates taking emergency funding forced to curb executive pay

19 May 2020
The Bank of England is forcing all firms planning to draw on its emergency financing facility, for a term beyond May 2021, to restrain executive pay and dividends. Companies using the funding will also be named from June 4
Mazars appointed as trustees to ex Russian bankers guilty of multi-billion dollar fraud

Mazars appointed as trustees to ex Russian bankers guilty of multi-billion dollar fraud

15 May 2020
Ann Nilsson, Matt Carter and Ed Thomas at Mazars, the international accounting and advisory firm, have been appointed as joint trustees in the bankruptcy of Ilya Yurov and Nikolay Fetisov, the former owners of Russian bank National Bank Trust (NBT).

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IVAs continue steady rise over last quarter

IVAs continue steady rise over last quarter

12 Jun 2020Marcel LeGouais
Figures from the Insolvency Service show IVAs increased 11 percent on average in the three months to May, while other personal insolvency procedures have fallen
Financial firms to pay £14m of debt advice sector’s new funding package

Financial firms to pay £14m of debt advice sector’s new funding package

09 Jun 2020Marcel LeGouais
The Treasury has announced a £37.8m package of extra funding for the debt advice sector, £14m of which will be paid for by FCA-regulated firms via the financial services levy
Stepchange warns of “£6bn personal debt tsunami”

Stepchange warns of “£6bn personal debt tsunami”

09 Jun 2020Marcel LeGouais
StepChange Debt Charity has warned that a personal debt tsunami of £6bn, directly attributable to the pandemic, could hit 4.6 million households in the coming months
Industry reacts to most profound insolvency law changes in 20 years

Industry reacts to most profound insolvency law changes in 20 years

21 May 2020Marcel LeGouais
New legislation to encourage lenders to help firms trade out of the economic damage left by Covid-19 has been laid before parliament

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
Steven Cooklin

Steven Cooklin

Chief Executive
Manolete Partners
See all TRI 250 members

Upcoming events for your calendar

Parliamentary Reception
15 Sep

Parliamentary Reception

Houses of Parliament, London
The Parliamentary Reception is the only networking event of its kind. Bringing together those who set the regulatory tone and those who implement it ‘on the ground’, Credit Strategy have created the perfect opportunity for the government to meet face-to-face with credit industry professionals.
Learn more
Women in Credit Awards
5 Oct

Women in Credit Awards

Leonardo Royal Hotel, Tower Bridge, London
Rounding off week is the Credit Week Gala Dinner. This is an opportunity to come together to network, build relationships, celebrate success and most importantly have a good time after an amazing week.
Find out more

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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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