Month: July 2019

A report laying bare the strong tide of insolvencies in UK coastal locations should serve as a wake-up call for regions heavily reliant upon tourism, according to one insolvency expert. The Insolvency Service’s report on individual insolvencies revealed that of the ten local authorities with the highest rate of insolvencies, six were in coastal areas …

Continue reading “New Statistics Confirm Coastal Towns Suffer Highest Insolvency Rates”

In the recently published judgment in O’Brien and O’Brien v TTT Moneycorp Limited [2019] EWHC 1491(Comm) High Court (Business and Property Courts), the High Court dealt with various applications concerning a stalled expert determination procedure. The judgment provides for some practical insights into the workings of such a dispute resolution procedure, and particularly in the …

Continue reading “Expert Determination – Resolving Disputes Not Creating Them”

Construction firms face an autumn cash squeeze due to new VAT rules Many firms in the construction sector face a one-off cashflow hit when a change in the VAT rules comes into effect on 1 October. Under the rule change, a “reverse charge” will apply to many VAT-registered businesses in the construction sector. This means …

Continue reading “Construction Firms Face an Autumn Cash Squeeze”

CVR Global has bolstered its senior team to support its growing international offering. Darren Reeds joins the firm as a Partner from Deloitte where he was Head of Financial Advisory Services for their insolvency and restructuring division in the British Virgin Islands. Reeds has spent five-and-a-half years in the British Virgin Islands heading up the …

Continue reading “Further expansion at CVR Global”