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Broken Wedgwood seeks buyer

Broken Wedgwood seeks buyer - 06/01/2009
Administrators are trying to find a buyer for crystal and china manufacturer Waterford Wedgwood after the business failed to restructure fast enough to combat deteriorating trading conditions. Full story »

New transparent era for pre-packs begins

New transparent era for pre-packs begins - 02/01/2009
New rules were introduced yesterday requiring administrators to reveal to creditors the name of the buyer and the price paid when carrying out a 'pre-pack' administration. Full story »

Adams children's clothing store folds

Adams children's clothing store folds - 02/01/2009
Independent children’s clothes retailer Adams went into administration on 31 December 2008, despite an annual turnover of £150m. Full story »

Faster payments pass 4m mark

Faster payments pass 4m mark - 02/01/2009
Roughly two-thirds of all UK payments are being processed by the faster payments service, first introduced in May 2008, with nearly 4m processed on the 1 December. Full story »

'Wrongful trading' too risky, says law firm

'Wrongful trading' too risky, says law firm - 02/01/2009
Firms that try to trade through desperate times despite the risk of insolvency to capitalise on the Christmas and sales period have been warned against it by a legal firm. Full story »

Record consumer insolvencies expected

Record consumer insolvencies expected - 02/01/2009
Experts expect over 150,000 insolvencies in 2009 with more people than ever declaring themselves bankrupt, entering IVAs or other debt repayment vehicles. Full story »

House prices to fall 12–15%

House prices to fall 12–15% - 02/01/2009
House prices have fallen by 9.3 per cent since the start of the credit crunch in August last year and could fall another 12 per cent by the end of 2009, said a property research agency. Full story »

Music shop Zavvi enters administration

Music shop Zavvi enters administration - 24/12/2008
On Christmas eve, Tom Jack, Simon Allport and Alan Hudson of Ernst & Young LLP were appointed joint administrators of zavvi UK. Full story »

Shoppers set to spend £100m online on 25th

Shoppers set to spend £100m online on 25th - 24/12/2008
This Christmas an estimated 5m (5.24) shoppers will go online and spend £103.6 million, at an average of £20 (£19.77) each, said IMRG. Full story »

Unity Trust Bank abolishes penalty charges

Unity Trust Bank abolishes penalty charges - 24/12/2008
Banker to the ‘social economy’ sector Unity Trust Bank plans to abolish all penalty and interest charging for unauthorised overdrafts from the start of January 2009. Full story »

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