With current ONS figures revealing the construction industry as a leader in UK insolvencies, CVR Global’s Jason Maloney digs deeper into the problem. while offering a potential glimmer of hope. The UK’s construction industry is huge with more than 325,000 registered businesses employing around 2.5 million people directly or indirectly – and like a lot …
CVR Global’s Bai Cham, an insolvency specialist on tax avoidance and disguised remuneration schemes, recently penned his thoughts on tax avoidance for Credit Strategy magazine following his involvement in a landmark court case. Tax avoidance has been HMRC’s Achilles Heel for decades, but a recent court case brought by CVR Global will have profound implications …
More companies across England and Wales are opting for voluntary rather than compulsory liquidation because of rising Government costs, an insolvency expert has said. The Insolvency Service’s report, published by the Government, showed company insolvencies increased slightly in Q3 2019 compared with Q2 2019. According to the report, the increase was primarily driven by a …
A landmark judgment could see company directors and shareholders pursued for millions of pounds for funds paid into tax avoidance schemes. The ruling, handed down by Chief Insolvency and Companies Court Judge Briggs, will see the directors and shareholders of Implement Consulting Ltd having to pay back over £3 million to the company and its …
Hays Travel’s acquisition of Thomas Cook’s store estate should be treated with cautious optimism, according to CVR Global insolvency and restructuring expert Tom Gardiner. Thomas Cook’s liquidation sent shockwaves throughout the UK last month which triggered around 9,000 redundancies and 555 stores closing after company bosses were unable to secure a rescue package partly due …
A start-up company with ambitions to revolutionise the freelancer recruitment industry using blockchain technology is searching for a buyer after entering administration. Nodal Labs Limited, which used to be based in South West London, has encountered financial difficulties due to cash flow problems, prompting the firm to appoint Bai Cham and David Elliott from CVR …
CVR Global is co-hosting a major conference that is examining the latest developments in the credit management and insolvency industries. The Commercial Credit and Collections Conference is taking place at the Leadenhall Building in London on Thursday, 23 January and is being co-hosted by CVR Global and Aon, and organised by Credit Connect Media. CVR …
A UK firm selling a range of European-produced wines has been bought out of administration, saving four jobs and a number of consultancy roles.   FromVineyardsDirect.com Limited, which is based at Square Rigger Row in South West London, entered administration in September after experiencing financial difficulties. The company specialises in selling a range of hand-selected, …