insolvency

2021: The Year of the Pre-Pack Administration?

Backdrop Although the introduction of UK wide lockdowns was not the start to 2021 that the country was hoping for, it remains the year when hopes and expectations are high for a return to normality given the vaccination programme underway. ...

Business for Sale: Global Adventure Sport Ltd

Mazars LLP is currently assisting a business which has ceased to trade, but is seeking a buyer for its business and assets. The Company was established in 2009 as a family run business, retailing bikes and cycling accessories. It trades...

Carillion Collapse – the Consequences

Carillion Plc Carillion Construction Limited Carillion Services Limited Planned Maintenance Engineering Limited Carillion Integrated Services Limited Carillion Services 2006 Limited All in Compulsory Liquidation The Official Receiver has been appointed as Liquidator by the High Court on 15 January 2018....

Distressed Manufacturing Business For Sale

Company name: FE Robinson (Hooton) Limited – In Administration (“the Company”) Mazars LLP is currently assisting a distressed business based in the Wirral, to urgently seek a buyer for its business and assets. The Company was placed into Administration on...

Creditors’ Guide to the Insolvency Rules 2016

The Insolvency (England and Wales) Rules 2016 ("the Rules") came into force on 6 April 2017 and aim to: Consolidate the law; increase creditor engagement by encouraging "21st century" communication; and remove administrative burdens that add no value for creditors. The...

Football League clubs and insolvency events

With the recent publicity surrounding Leyton Orient Football Club and a winding up petition against it by HMRC (now adjourned until June 2017), some might find it useful to have a reminder of recent changes to the insolvency rules as...

Retail Sector on the Brink?

With the recent news that clothing retailers are seeing the drop in footfall reach a five year low and the weak pound increasing the cost of imports, the likelihood is that the retail sector could be in for more turbulent...

Manufacturing Business – Case Study

Mazars LLP were instructed to assist a company based in West Yorkshire which manufactured cylinders for a large customer base, many of which were based overseas.  However, they had been affected by the increase in competition from other manufacturers, many...