EY, the administrators of City Link, have been forced to pay out £60,000 to the firm's IT suppliers and to contractors who held on to valuable parcels and extracted money for their release.
The government is expected t
The minimum amount for which you can be forced into bankruptcy has not changed since 1986. However, the amount will increase substantially in October 2015 from £750 to £5,000.
Debt charities and insolvency firms have
There were 108 retail companies that filed one or more insolvency notices in November, a drop of 22.9 percent in relation to the figure for the same month last year.
These results are being linked to factors such as an
Despite two members of the Monetary Policy Committee voting for interest rates to increase to 0.75%, the majority of members voted to keep rates unchanged at 0.5%. Rates have been at this level since March 2009.
UK inflation rose to an annual rate of 1.3% in October, up from 1.2% the previous month (a record five-year low), according to official figures.
The Bank of England warned earlier this month that the rate could fall to
Highly skilled migrant workers from the European Union have provided a £20bn boost to Britain’s finances over a decade by paying far more in taxes than they claim in benefits, fresh research discloses today.
The Serious Fraud Office (SFO) has launched a criminal investigation into accounting practices at Tesco, in the latest blow to the British grocer following the September announcement of a profit overstatement.
The SFO l
BANKRUPTCIES have hit their lowest quarterly level for 15 years, according to official statistics published by the Insolvency Service.
The Insolvency Service has announced that there were 4,886 bankruptcy orders in Englan