UK Business News

The Forum of Private Business (FPB) has hit out at so called ‘phoenix companies’, companies that fail owing huge debts only for the directors to purchase the company assets for a fraction of their true value and start trading in a different name.
This is of course all perfectly legal in the UK and is not [...]

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Talk of recovery from the financial crisis in the UK was dealt a crucial blow with the release of the highest insolvency figures since records began, last week, showing over 35,000 people were declared bankrupt in the three months up to September 2009.
The actual figure from the Insolvency Service recorded 35,242 people in England and [...]

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The UK’s biggest pawnbroker, H&T which has over 120 branches across the country has said the business is trading well ahead of expectations as cash strapped Britons continue to trade in their valuables for cash.
H&T have opened 56 new outlets in shopping centres across the UK over the last year, recognising the growing recession fuelled [...]

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The UK’s biggest retailer, Tesco say they have carried out a sale and lease back deal for property valued at £514million with an unnamed UK Pension fund.
The deal will see Tesco selling fifteen of its stores and two of its distribution centres to a 50-50 joint venture company owned by Tesco and the unnamed pension [...]

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Over 5,000 companies in England and Wales have gone into liquidation during the second quarter of 2009 according to official figures released today.
The number of companies going into liquidation has grown by a massive 39.1% over  the same period in 2008, while the number of unemployed rose by 281,000 in the second quarter, the biggest [...]

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