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 [...]

UK Business News
Entries Tagged as 'Cash Flow'
A quarter of SMEs lose money to ‘phoenix’ companies
John Williams - Monday 23.11.09, 17:38pm
Tags: Administration · Cash Flow · Small Businesses · UK Economy
UK Insolvencies hit record levels
John Williams - Monday 09.11.09, 11:57am
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 [...]
Tags: Administration · Cash Flow · Personal Finance · Small Businesses · UK Economy
UK Business: Pawnbrokers cash in on Gold as Brit’s sell off their valuables
John Williams - Monday 26.10.09, 12:25pm
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 [...]
Tags: Cash Flow · Personal Finance · UK Economy
UK Business: Tesco announce latest sale and leaseback deal
John Williams - Monday 05.10.09, 16:42pm
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 [...]
Tags: Business News · Cash Flow · Pensions · Retail · UK Economy
UK Business:Record number of companies going into liquidation
John Williams - Friday 07.08.09, 12:05pm
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 [...]
Tags: Administration · Business News · Cash Flow · Small Businesses · UK Economy






