North West public divided over impact of interest rate rise
Thousands of companies could be facing an uncertain future as a result of HMRC’s clampdown on tax avoidance schemes, according to the insolvency trade body R3. As HMRC steps up …
New rules will stop people being made bankrupt for just £750
Changes to the law to prevent people being made bankrupt for low-value debts have been welcomed by North West insolvency practitioners. As from 1 October, an individual must owe at …
Sale of TPS provides third exit for Enterprise Ventures
Enterprise Ventures has made its third exit within a matter of weeks with the sale of TransGlobal Payment Solutions, which provides online foreign exchange services. TransGlobal, which has offices in …
Hotel comms firm checks in at Palm Beach
A communications business which specialises in serving the hospitality sector is celebrating after breaking into the US market for the first time. Fourteen IP has just completed the installation of …
Business insolvencies at lowest for 8 years
The number of business insolvencies fell to below 4,000 in the second quarter of 2015 for the first time since 2007, according to official figures released today. It is the …
Bredbury Hall acquisition saves 250 jobs
One of the North’s most iconic hotel and entertainment venues has been bought out of administration in a multi-million pound deal …
Women in insolvency lunch raises £4k for charity
A lunch in Manchester organised by women in the insolvency profession has raised £3,950 for charity. Around 300 people attended the R3 Ladies’ Lunch at the Lowry Hotel, where the …
North West has highest rate of business rescue
The North West has the highest rate of business rescue in the country with half of businesses (52%) declared insolvent surviving in some form. A new report by R3 shows …
Half of Northern businesses are victims of late payment
Almost half of all businesses in the North (49 per cent) have had invoices paid late by customers in the past six months, according to research by R3, the trade …