We have to tread a financial fine line during the crisis

The UK’s mainstream banks forgoing their multi-billion pound dividend pay-outs for the year should be well-received, but commercial lenders are still caught between a rock and a hard place when it comes to providing loans, says CVR Global’s Ian Defty. When we look at the way every sector, banks included, have reacted to the Coronavirus …

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COVID-19 crisis the final straw for BrightHouse and Carluccio’s

The recent administrations of rent-to-own retailer BrightHouse and restaurant chain Carluccio’s have delivered a sobering reminder, that despite the extensive financial support being offered by the Government in relation to Covid-19, for some, says CVR Global’s Richard Toone, it is just too late. Almost certainly the Coronavirus pandemic is the straw that has broken the …

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COVID-19 Business recovery will take time, warns CVR Global’s Adrian Hyde

While businesses across the land are being thrown a lifeline by the Government’s comprehensive Covid financial package, not all will be able to recover at an equal pace, if at all, warns CVR Global’s Adrian Hyde. The Coronavirus has shaken businesses to the core and, understandably so, kept many owner-directors awake at night wondering how, …

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Airline Insolvency Review needs to spread its wings for wider analysis

Ian Defty, insolvency expert at CVR Global, believes easyJet’s decision to ground all of its flights amid reports of Virgin Atlantic allegedly seeking government support, strengthens calls for the Airline Insolvency Review to be broadened out. He said: “The ramifications of Covid-19 are starting to emerge in the air line industry, strengthening the argument for …

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COVID-19: Reaction to the Self-Employment Income Support Scheme

CVR Global’s insolvency expert Ian Defty reacts to the Government’s latest package of support aimed at the nation’s self-employed, and what it means for the sector. It is easy – as some people do – to level criticism at a government in times of national turmoil, and there are doubtless holes in Rishi Sunak’s package …

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Budget reaction: Firms risking future by only reading headlines

Businesses are being urged to err on the side of caution following a Budget that unveiled one of the biggest rounds of spending in British history. Chancellor Rishi Sunak has unveiled a £30 billion package to nurse the nation through the coronavirus threat – highlights of which include the temporary abolishment of business rates for …

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UK’s new points-based immigration system could prove fatal blow for hospitality sector

The UK’s new points-based immigration system may be a fatal blow for the UK’s hospitality sector among others, says CVR Global’s insolvency expert Ian Defty, who is striving to answer the question that many hotels, restaurants and pubs will be asking themselves: how can we survive? The new points-based system is a watershed moment in …

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