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, …
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 …
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 …
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 …
The courts are showing commendable flexibility in adjusting to the COVID-19 restrictions. The use of video technology is certainly helping to keep the wheels of justice turning. But there will undoubtedly be delays and frustrations in the coming months. It is worth reminding those involved in business disputes that there is an alternative that may …
Notwithstanding current international instability, CVR Global’s offshore services in the BVI and Jersey continue to operate, albeit with remove working practices as required. We have seen a recent uptick in the demand for both contentious insolvency solutions, as well as non-contentious restructuring, reorganisation and solvent liquidation procedures.   Key drivers of the recent demand for …
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 …
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 …
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, …