Fashion Desdigner Juile Macdonald Enters Liquidation Amidst Economic Challenge Julien Macdonald, famed fashion designer, enters liquidation due to economic challenges, including the aftermath of COVID-19 and the Debenhams collapse. With a career dressing A-list celebrities and TV appearances, Macdonald's brand faces uncertainty. A tough time for UK fashion as others, like Christopher Kane, also encounter financial hurdles. visit: https://www.leading.uk.com/

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Leading Business Services Offers You CVL or MVL Even with a brilliant business idea, a solid plan, and determination, you might face challenges gaining ground in your market - so knowing when to pivot is essential and provides valuable lessons for future success. At Leading Business Services, we assist insolvent businesses in winding up efficiently and provide regulatory guidance for your next steps post-CVL or MVL. Visit: https://www.leading.uk.com/

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What Does Inflation Mean and How It Impacts SME's With a struggling UK economy, many small and medium-sized businesses have felt the impact of increased inflation. But what exactly is inflation and how does it affect your business? visit: https://www.leading.uk.com/

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Builders Doing Work for Liverpool and Fulham Collapse into Administration Buckingham Group Contracting, the building contractor that was contracted to build new stands at Liverpool’s Anfield stadium and Fulham’s Craven Cottage, has collapsed into administration. Joint administrators have already laid off 446 people from Buckingham’s various subdivisions as they seek a buyer for the company. Work is still to be completed at Liverpool and Fulham, not to mention other ongoing projects, meaning some staff remain with the company at the moment. Visit: https://www.leading.uk.com/

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Broadway Partner Courting New Owners Potentialy Saving 40 Jobs The horizon is potentially looking brighter for Broadway Partners, the fibre broadband infrastructure company that went into administration earlier this year. The consortium of Tiger Infrastructure Partners and Macquarie are aiming to complete their first co-investment in a British altnet provider. If it goes ahead, the takeover could save the 40 remaining jobs at Broadway. visit: https://www.leading.uk.com/

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Get in Touch with Leading and Let Our Probate Team Handle the Process on Your Behalf Legacy Foresight economist, Jon Franklin, has revealed that HMCTS (HM Courts & Tribunals Service) ‘hasn’t been clearing as many cases as it was this time last year’. This is despite HMCTS hiring 100 more people to deal with the probate backlog. The probate time frame is getting longer and predictions are that it will get worse before it gets better. Don’t get caught out. Visit: https://www.leading.uk.com/

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The British Wills and Probate Awards 2023: Announcing the Shortlist The British Wills & Probate Awards 2023 shortlist has been announced. 26 esteemed judges have the unenviable task of selecting their winners before the black-tie awards ceremony in October. visit: https://www.leading.uk.com/

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Plan your insolvent to reduce your losses with leadingUK When a company becomes insolvent and owes you money it’s a traumatic time, particularly for unsecured creditors. Not being paid in full will have a serious impact on your business and cash flow. Having a plan should this happen will help to reduce losses. Check out our “Top Tips for Creditors in Insolvency Proceedings” in Leading’s latest blog to get you started. Visit: https://www.leading.uk.com/

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Hotter Shoes Rescued In A Pre Pack Administration We recently reported that Hotter Shoes had entered administration. But the good news is that the company has been rescued by WoolOvers. The privately-owned knitwear company has agreed a pre-pack administration deal, saving the day for 421 employees and 27 stores. Visit - https://www.simpleliquidation.co.uk/

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Why Skills Training UK on Brink of Insolvency? After making a profit in 2021/22, why are Skills Training UK on the brink of insolvency, and how did it lose such a huge contract? We shed light on what’s happened to the company which is now £3.5 million in debt and led them into crunch talks with liquidators. Read More - https://www.leading.uk.com/why-skills-training-uk-on-brink-of-insolvency/

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Insolvencyfor EV in United Kingdom Not everything is a shining light for electric vehicle manufacturers as Arrival, a British-based electric vehicle company, has called in advisors to look at potential rescue options as it faces possible insolvency in the future. Alvarez & Marsal have been tasked with drawing up various restructuring options, including contingency planning for administration if the company can’t pull itself back from the edge of bankruptcy. Time will tell if they get the funding they need to survive. Insolvencyfor Ev in United Kingdom Not everything is a shining light for electric vehicle manufacturers as Arrival, a British-based electric vehicle company, has called in advisors to look at potential rescue options as it faces possible insolvency in the future. Alvarez & Marsal have been tasked with drawing up various restructuring options, including contingency planning for administration if the company can’t pull itself back from the edge of bankruptcy. Time will tell if they get the funding they need to survive. Visit: https://www.leading.uk.com/

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Thames Water Company Report The reporting of Thames Water being on the brink of collapse owing millions has been a major shock for many, including its 15 million customers! But should it be? Since the privatization of the water companies in 1989, 9 of the 15 water and sewage companies are owned by ‘special purpose companies. They’ve been set up to buy water utilities and are made up of private equity funds, sovereign equity funds, and pension funds. When the privatized companies started out, they had no debt. By 2022, the sector will be in debt to the tune of £60.6 billion. visit: https://www.leading.uk.com/

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To Rescue Businesses We Provide Professional Debt Advisors Are you struggling with debt but don't know where to turn? It's time to seek professional help from debt advisors and that's what Leading is here for. Leading UK’s business rescue team is here to guide you and explain your options in detail, including all the pros and cons so that you can make an informed decision. Get in touch and book your free initial consultation before it’s too late. visit: https://www.leading.uk.com/

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Secure Your Penny from Collapsed Companies Three years after its collapse in 2020, Philip Day’s Edinburgh Wollen Mill still hasn't paid a penny to their unsecured creditors, according to reports from administrators. The company’s unsecured creditors are owed £167 million but each was due to receive between £600,000 and £1.8 million. Sadly, it’s looking like they will never be paid back. visit: https://www.leading.uk.com/

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Rise in Insolvency in the United Kingdom Company insolvencies rose by 40% in May in England and Wales, reaching a 4-year high. The Insolvency Service reported 2,552 companies entered an insolvency process last month, most of which were CVLs. Compulsory liquidations also rose by 34%, most of which were instigated by HMRC through a winding-up order, and companies entering an administration process increased by 80%. To know more visit: https://www.leading.uk.com/

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Tuffnells, one of the UK’s largest courier delivery service companies, has surprisingly crashed and entered administration. Founded in 1914 by Harold Tuffnell with just a horse and cart and £100 in his pocket, the company has been a mainstay of the industry for many years. Sadly, IPs have been appointed as the company couldn’t find a buyer, putting 2,300 people out of a job and causing huge disruption for many businesses that relied on their services. visit : https://www.leading.uk.com/

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Employee Rights During Liquidation of a Company in the Uk If you own a company and you are currently going into liquidation then you are likely worried and confused about the process as a whole and the implications that it has on both you and your employees. It can be quite an anxious time with a large amount of uncertainty left in the future; however, there is a range of different options available to your employees that tend to often get dismissed throughout the process. visit : https://www.leading.uk.com/employee-rights-during-liquidation-of-a-company-in-the-uk/

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Save the Company from Insolvency by Appointing an Insolvency Practitioner. It seems that being the parents of the Princess of Wales is not enough to save your business from administration! Carole & Michael Middleton have sold their online party goods company to entrepreneur, James Sinclair, in a pre-pack administration deal after failing to save the company from insolvency and appointing an insolvency practitioner. visit: https://www.leading.uk.com/

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Why You May Need to Dissolve a Company in the United Kingdom There’s often some confusion between liquidation and dissolving a company; they are not the same thing. You can only dissolve a solvent-limited company, i.e. one without any debt. If the company is carrying debt, i.e. is insolvent, it has to be liquidated. Now we’ve clarified the two, how long does it take to dissolve a limited company in the UK and what’s the process? Visit - https://www.leading.uk.com/

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Are You Struggling with business debt? When you’re struggling with business debt or even on the verge of insolvency, liquidation may not always be the best solution. Our team of IPs also advises on business rescue

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David’s Bridal in the UK Bankruptcy Just hours after the US owner of David’s Bridal filed for bankruptcy, its UK branch filed for administration, closing its 4 UK stores. David’s Bridal in the UK last recorded an annual profit in 2018 and its latest figures showed a loss of £170,000 on revenues of £4.3m. Visit - https://www.leading.uk.com/

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Struggling to manage your personal debt? Leading can help you restructure your debts and take back control of your finances. By agreeing on an Individual Voluntary Arrangement (IVA) with your creditors and consolidating all your debt payments into one monthly sum that is manageable for you, it’s possible to avoid bankruptcy. Call our IVA experts today and start your journey back to financial health. Visit - https://www.leading.uk.com/ #LeadingUK

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Struggling to manage your personal debt? Leading can help you restructure your debts and take back control of your finances. By agreeing on an Individual Voluntary Arrangement (IVA) with your creditors and consolidating all your debt payments into one monthly sum that is manageable for you, it’s possible to avoid bankruptcy. Call our IVA experts today and start your journey back to financial health. Visit - https://www.leading.uk.com/ #LeadingUK

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ICAEW’s Probate Financial Report 2022 Survey Following ICAEW’s Probate Financial Report 2022 and last year’s probate monitoring visits, probate firms will need to have completed their 2023 Probate Diversity Survey

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Orchard Day Nursery Liquidation The sudden collapse of Orchard Day Nursery

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Want to close your solvent business? Whatever the reason for closing the company – retirement, new contract or the company is no longer needed – as long as the company is solvent

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Bounce Back Loan in the United Kingdom Fantastic to hear the news that the production company behind the Mamma Mia! musical and film adaptations, Littlestar Services, has filed pre-tax profits of £316,000 after the previous year’s £752,000 loss. It's always encouraging to hear of businesses bouncing back, especially in the current economy. Visit - https://www.leading.uk.com/ #LeadingUK

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Leading UK in case of Financial Difficulty Quickly and decisively — that's the best way to act when facing financial difficulties. Our team are here to ensure you understand all of the options available to you when it comes to insolvency and business rescue. You can trust us to do our best to help you succeed! Here at Leading, we offer: - Non-judgmental advice - Clear options - Transparent fee structure - Understanding team - Creative solutions - Decisive actions Visit our website to get in touch - https://www.leading.uk.com/

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Energy Bill Crisis in the United Kingdom The cost of living crisis continues for both households and businesses, but despite this the Government say households are unlikely to get extra support with energy bills from April. Energy bills for a typical household are set to rise from £2,500 to £3,000 a year, with the £400 discount on energy bills also due to end at the beginning of April. https://www.leading.uk.com/

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Should you be considering Personal Insolvency?

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