Month: May 2020

Corporate Insolvency and Governance Bill (‘CIGB’) (‘the Bill’) The CIGB has been keenly anticipated after the Government announced in March 2020 that it intended to introduce further temporary provisions designed to alleviate and mitigate some of the economic damage being wrought by the COVID-19 pandemic.  The insolvency profession and business professionals have been pouring over …

Continue reading “Corporate Insolvency and Governance Bill – part 1”

Johnsons Shoes Company, which operates 12 stores under the brands Johnsons Shoes and Bowleys Fine Shoes, has entered administration after succumbing to the impact of the Coronavirus pandemic. The retailer – which first opened its doors over 50 years ago – has stores in Windsor, Newbury, Staines, Teddington, East Sheen, New Malden, Twickenham, Walton-on-Thames, Northwood, …

Continue reading “CVR Global appointed as administrators of Johnsons Shoes Company”

The construction industry was building the foundations for a recovery prior to the Covid-19 pandemic, but with the future now looking increasingly uncertain, CVR Global’s Jason Maloney considers how the industry can keep on the straight-and-narrow during one of the most unprecedented periods in history. UK construction took the unwanted label of having the most …

Continue reading “How the construction industry can keep building during unprecedented times”

A Northampton law firm has assisted one of its local counterparts in financial difficulty, saving 22 jobs. Borneo Martell Turner Coulston LLP has purchased the current client base of Scott Fowler LLP – which stands at more than 1,000 clients – and all of Scott Fowler LLP’s staff have also transferred to the buyer. The …

Continue reading “CVR Global facilitates pre-pack administration, saving 22 jobs at law firm”

A trend of declining insolvencies stands a strong chance of gathering pace over the coming months, according to one of CVR Global’s insolvency and restructuring experts. The Insolvency Service has released its Company Insolvency Statistics for January to March, which saw 3,883 firms entering into insolvency – an 8.5 per cent reduction on the previous …

Continue reading “Declining number of insolvencies could continue”