Archive for July 2019
Prepare your business for Brexit, deal or no-deal
Irrespective of who becomes the UK’s next Prime Minister, it’s essential that business owners prepare for Brexit. Cynical business leaders may take advantage if the UK leaves the European Union (EU) without an exit deal on 31 October. It’s likely they will show no loyalty to European suppliers after the leave date. Consequently, don’t be…
Read MorePros and cons of CVAs for debtors and creditors
Office Holdings, owner of Office and Offspring shoe shops, is said to be the latest high-profile retailer to consider entering a company voluntary arrangement (CVA) – so what’s a CVA, and why are they so popular? In recent weeks, clothing and accessories merchant Monsoon Accessorize, and the Arcadia Group – home to brands such as…
Read MoreCongratulations to Arcadia’s CVA creditors
Creditors of a business that has recently entered a company voluntary arrangement (CVA) would be wise to follow the example set last month by the creditors of waning fashion retailer Arcadia. Arcadia’s creditors did well to encourage Sir Philip Green and his wife to part with more money than they’d intended. Simply by standing up…
Read MoreBlame bad management, not Brexit for insolvencies
Corporate insolvencies are on the rise, but why? Some ‘experts’ have been quick to associate Brexit with the collapse of manufacturer British Steel, fashion retailer Arcadia, and the Jamie Oliver Restaurant Group – but I doubt these collapses have anything to do with our decision to leave the European Union. When business was booming in…
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