News - 06 03 2018
Nearly 6,000 jobs at risk as Toys R Us and Maplin face collapse
The bleak wintry weather brought on by the beast from the east is set to mirror the mood on the high street as not one but two major retailers face collapse. The latest victims of the cold retail climate, Toys R Us and Maplin, join numerous well-known chains who have battled a lethal Molotov cocktail of online competition, rising costs, and diminishing consumer spending.
Restructuring News - 28 02 2018
Many people see it as good news that the number of Scottish companies going into liquidation or administration has decreased since last year. According to the latest figures, a total of 223 Scottish companies became insolvent in the final quarter of 2017 compared with 229 during the same period in 2016. It certainly is a welcome sign, but the decline conceals the fact that many companies continue to struggle through the current economic difficulties.
Restructuring News - 27 02 2018
Dina Devalia and Stephen Goderski of PKF Geoffrey Martin & Co have been appointed as Joint Administrators of North East Scotland Credit Union Limited.
Restructuring News - 26 02 2018
Across the island of Ireland, improving business resilience has never been more important, says Feargal McCormack.
The concept of business resilience is attracting a lot of attention at the moment. One of the best definitions is by BSI, the UK national standards body. It describes resilience is ‘the ability of an organisation to anticipate, prepare for, respond and adapt to incremental change and sudden disruptions in order to survive and prosper’. As businesses across the island of Ireland, prepare for Brexit, this ability has never been more important.