Restructuring news

It’s not exactly news that the charity and not-for-profit sectors are facing stresses and strains at the moment. Even before the Oxfam scandal broke earlier this year, charities were facing challenges; raising income; and maintaining their support base. The reasons for this are many-fold, but a major factor is a rise in the number of charities combined with reductions in public and government funding.

Published by Andrew Tate on 29th November 2018 / Charity and not for profit news, Restructuring news / News

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A review of the failure of UK airlines is being undertaken by a government appointed review body led by Peter Bucks.

Published by Andrew Tate on 3rd September 2018 / Restructuring news / News

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The government has today announced that corporate governance reforms are on their way. In fact, these reforms have been announced by a Kent MP, Kelly Tolhurst, who was recently appointed as a parliamentary undersecretary with responsibility for small business affairs and insolvency.

Published by Andrew Griggs on 26th August 2018 / Restructuring news, Business advisory news, Corporate finance news / News

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Andrew Tate, Partner and Head of Restructuring, was invited to take part in the online show Chris & Co: KMTV’s business programme debating the topical issues of the day.

Andrew’s key focus was discussing Homebase being sold for £1 to Hilco, as Wesfarmers/Bunnings disastrous DIY acquisition ends just two years after they paid £304 million to buy the UK chain.

Published by Andrew Pincott on 31st May 2018 / Restructuring news, General news

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The high-profile collapse of Carillion is a timely reminder that financial failure can affect businesses in all sorts of ways. The ‘domino effect’, where the collapse of one company pulls down others, is a real phenomenon. Some businesses concentrate all of their risk management on the creditworthiness of their customers and fail to appreciate the potential impact of supply chain failure.

Published by Andrew Tate on 7th March 2018 / Restructuring news, Business advisory news / News

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Andrew Tate, Restructuring Partner, was asked to discuss Toys R Us recent announcement on local news.

Published by Andrew Tate on 8th December 2017 / Restructuring news / News

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As many will be aware, the wage increase from The National Living Wage (NLW) announced in the Chancellor’s Summer Budget came into force this April. This brought into effect a £7.20 per hour (£9.15 in London) minimum wage for employees aged over 25. The NLW is also expected to rise over the coming years, exceeding £9 per hour by April 2020.

Published by Andrew Tate on 6th June 2016 / Restructuring news

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We're pleased to announce that Andrew Tate, Partner and Head of Restructuring, has become President of R3, the trade association for insolvency practitioners.

Published by Andrew Pincott on 29th April 2016 / Restructuring news, General news / News

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Andrew Tate, Kreston Reeves Restructuring Partner is Vice President of the insolvency Trade Body R3, soon to be President, and was asked to comment on BHS filing for administration as their last-ditch rescue talks fail.

Published by Andrew Pincott on 25th April 2016 / Restructuring news / News

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“Change is the law of life and those who look only to the past or present are certain to miss the future.” – John F Kennedy

Maxine Reid, Restructuring and Recovery Partner at Kreston Reeves, points out the warning signs of financial difficulty and advises on how best to deal with them – or avoid them altogether.

Published by Andrew Tate on 2nd February 2016 / Restructuring news / News

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