What happened to Toys R Us and Maplin?
Toys R Us and Maplin are the latest high-street names to be on the point of admitting defeat and closing their doors for the last time, but while “difficult trading conditions” and other such phrases seem to be commonplace in these situations, an objective look at the situation indicates that bad management was at least […]
Why are large companies losing the bankruptcy battle?
Business bankruptcies are nothing new. They occur for a variety of reasons, some, with hindsight, entirely avoidable, some just plain, old-fashioned bad luck. What is new, or at least, what has not been seen since 2013, is the level of business bankruptcies and what is making headlines is their size. With Toys R Us and […]
Carillion Plc – How will you and your business be affected?
This week we have seen our tv’s and social media flooded with news of the liquidation of Carillion Plc. It seems everyone has an opinion of what went wrong and what can be done to stop this happening again. But, what about the 20,000 staff and families directly impacted by the liquidation. And the undetermined […]
Understanding The Cost of Insolvency
Over recent years, there have been a few high-profile business casualties to hit the headlines, probably BHS was the most famous example of a high-street brand hitting the rocks although Woolworths can’t be far behind. When these “celebrity insolvencies” make the news, they can come along with attention-grabbing figures about the costs involved in winding […]
Dealing with debt before it leads you to bankruptcy
People can argue the toss about whether there’s ever any such thing as “good debt”. Some people say that debt which allows you to buy an asset you would otherwise have been unable to afford is “good debt”. Others says that if you can’t afford it you shouldn’t buy it. If you’re in debt, however, […]