Insolvency

Canadian billionaire Doug Putman has pulled out of a deal to save hundreds of Wilko stores, citing cost as a barrier.

The first Wilko redundancies have been confirmed administrators were unable to secure a buyer for the collapsed retail chain.

Redundancies scheduled to begin this week at Wilko have been ‘suspended’ while administrators consider several rescue bids.

Wilko has gone into administration, putting 12,000 jobs at risk of redundancy.

The fate of 2,000 workers formerly employed by Tuffnells Parcels Express remains unclear after its acquisition by Shift.

Budget airlines Ryanair and easyJet are fast-tracking the recruitment of staff from Flybe, which went into administration at the weekend...

Nearly 24,000 Country Court judgments served in Q4 2022, 77% higher than pre-Covid.

The British Beer and Pub Association warns businesses could be forced to close because of rising energy bills.

A new regulator will be created to reduce the risk of sudden big company collapses and safeguard jobs, as part...

Morrisons has rescued convenience retailer McColl's from administration, saving 16,000 jobs.

Employees are understandably concerned about the safety of their retirement savings when they read about insolvencies or the collapse of...

Around 5,000 UK steel jobs are at risk as one of the industry’s financial backers has gone into administration.
Greensill...

Law firms claim the Arcadia Group did not properly consult with employees ahead of mass redundancies.

Around 1,000 jobs at stationary retailer Paperchase – about two-thirds of its workforce – have been saved.

Edinburgh Woollen Mill, Bonmarché and Ponden Home have been bought out of administration, safeguarding almost 2,000 jobs.
The stricken retailers...