Ticket Rocket Those in charge of Ticket Rockets liquidation have painted a grim picture for unsecured creditors. People owed money by a much-maligned ticket company may be out of luck, with liquidators doubting everyone will be paid. Companies associated with Ticket Rocket were placed in receivership in August, after multiple reports the ticket agent was…
image copyrightReutersimage captionArcadia is “an object lesson in what happens if you don’t stay relevant”, said Lord Rose Breaking up the Arcadia retail empire, which includes Topshop, Burton and Dorothy Perkins, is “the only way” forward as it faces collapse, its former chief executive said. Lord Rose, now chairman of Ocado, said “people will come…
Early action is the key to businesses avoiding or surviving financial difficulties. This guidance covers: how to recognise issues when they arise, what advice to seek and who to approach. It explains the role of licensed insolvency practitioners, the six signs an organisation is in distress and the seven stages of business recovery. Most people…
Even by the brutal standards of big business and the political arena, it is a spectacular fall from grace. Lord Magan of Castletown, a former Tory party treasurer who owned one of Irelands grandest estates, has been declared bankrupt. His debts are estimated at 14 million and his marriage appears to be over. A search…