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Young and middle-aged women leading on insolvencies

The number of women entering insolvency procedures jumped from 30% to 54.3% between 2000 and 2018, according to new figures released by the Insolvency Service. Last year, women in England and Wales were involved in 65% of Debt Relief Orders (DROs); 54% of Individual Voluntary Arrangements (IVAs); and 38% of Bankruptcies. The figures reveal that…

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Landlords must reduce rates or face high street exodus

The future looks bleak for British landlords, especially those renting in town centres and cities because everyone knows our high streets are changing. Fashion retailer Primark recently claimed to be seeking rent reductions of up to 30% in negotiations over new leases. The Irish retailer is considering entering a Company Voluntary Arrangement (CVA) to help…

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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…

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Blame 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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Did Sir Philip Green asset-strip BHS and cause its collapse?

Sir Philip Green BHS

Giving evidence to a government inquiry recently, Sir Philip Green claimed to have worked diligently to avoid one of his best-known retail brands going into liquidation. Nevertheless, the Insolvency Service must establish if Sir Philip had asset-stripped BHS and caused its collapse. Last month, fashion tycoon Sir Philip appeared before the  Business, Innovation and Skills…

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