I. WHY THIS TOPIC IS IMPORTANT When a company finds itself in financial distress, management faces not only the operational challenge of stabilizing the business but also far-reaching statutory obligations. A central and often underestimated issue in this context are the payment prohibitions triggered once the company becomes insolvent (Insolvenzreife) pursuant to Section 15b of…
The number of businesses in ‘significant financial distress’ reached its highest level in more than two decades over the summer, according to a report from an insolvency practitioner. As the chancellor John Healey prepares to deliver his first Budget today, the Red Flag Report from BTG, formerly Begbies Traynor, found that 738,144 businesses faced significant…
Gordon Brothers, which acquired the chain for £1 last year, is currently evaluating multiple bids for the company. A spokesperson for Gordon Brothers said: “While Martin Property Group had been identified as the preferred bidder by Poundland’s management team, attention must now turn to other active bids. “As well as interest from buyers for the…
Freemantle Projects Ltd, founded in 2020, specialised in electrical installation services and worked with major clients including: Heathrow Airport British Airways Hermes Jet2 American Airlines The company offered a range of electrical solutions, from consultancy and design to installation, testing, and commissioning. The company’s website added: “We take pride in all of the projects and…
Freemantle Projects Ltd, founded in 2020, specialised in electrical installation services and worked with major clients including: Heathrow Airport British Airways Hermes Jet2 American Airlines The company offered a range of electrical solutions, from consultancy and design to installation, testing, and commissioning. The company’s website added: “We take pride in all of the projects and…
Freemantle Projects Ltd, founded in 2020, specialised in electrical installation services and worked with major clients including: Heathrow Airport British Airways Hermes Jet2 American Airlines The company offered a range of electrical solutions, from consultancy and design to installation, testing, and commissioning. The company’s website added: “We take pride in all of the projects and…
Freemantle Projects Ltd, founded in 2020, specialised in electrical installation services and worked with major clients including: Heathrow Airport British Airways Hermes Jet2 American Airlines The company offered a range of electrical solutions, from consultancy and design to installation, testing, and commissioning. The company’s website added: “We take pride in all of the projects and…
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Latest data from Allianz Trade shows that business insolvencies are putting 213,000 UK jobs at risk. The company is forecasting that business insolvencies will rise by +5% in 2026 and +1% in 2027 (+6% in 2025), marking five consecutive years of increases. Given the uncertain geopolitical and macroeconomic environment, the peak in insolvencies will be delayed…