Michelle Elliot – Restructuring partner at FRP Advisory in Edinburgh Company insolvencies in Scotland fell by 14 per cent in November 2025 compared to the same month the previous year, with a total of 98 cases registered. This figure comprised 58 Creditors’ Voluntary Liquidations, 33 compulsory liquidations, and seven administrations, while no Company Voluntary Arrangements…
The future of German packaging manufacturer Casimir Kast Verpackungen & Display has been secured following the opening of insolvency proceedings earlier this month. The Gernsbach-based producer of corrugated packaging and display solutions entered insolvency proceedings on 1 December. According to insolvency administrator Dr Dirk Pehl of law firm Schultze & Braun, a going-concern solution has…
Tom Russell – R3 president New statistics for November 2025 suggest a potential turning point for the UK economy, with R3, the trade body for restructuring and insolvency, describing the latest figures as a “glimmer of hope” for struggling businesses. Corporate insolvencies fell to 1,866 in November, representing an 8% decrease from October and a…
Baroness Michelle Mone in the House of Lords with her businessman husband Douglas Barrowman [Getty Images] The UK Government is unlikely to see most of the £148m is it owed by a faulty PPE supplier linked to Baroness Michelle Mone after the company was wound up. PPE Medpro, a consortium run by Mone’s husband Douglas…
Getty Images Baroness Michelle Mone in the House of Lords with her businessman husband Douglas Barrowman The UK Government is unlikely to see most of the £148m is it owed by a faulty PPE supplier linked to Baroness Michelle Mone after the company was wound up. PPE Medpro, a consortium run by Mone’s husband Douglas…
Paul McCartney has spoken out following news that Höfner – the famed German instrument maker behind his iconic violin bass – has filed for bankruptcy, describing the situation as “very sad”. Earlier this week, filings in the Fürth District Court in Bavaria revealed that Höfner has entered insolvency proceedings in Germany. Founded in 1887, the…
‘This is where we discover how serious we all are and how determined we are to do the best for our city’ Gloucester City Council holds its meetings at North Warehouse at The Docks. (Image: Carmelo Garcia) There are concerns Gloucester City Council could “go bankrupt” if party politics is not put aside as they…
Be careful what you take out of your business warns insolvency expert thestar.co.uk Read the original article here
Data for the first three quarters of 2025 have shown that smaller German firms have borne the brunt of almost three years of economic downturn in Europe’s biggest economy over the past three years. On December 12, the chief analyst at the Association of German Chambers of Industry and Commerce (DIHK), Volker Treier, told news agency Reuters that…
– The Middle Franconian instrument maker Höfner is world-renowned, not least because of former Beatles bassist Paul McCartney. A few days ago, the company had to file for bankruptcy. When the Beatles played their first shows in the pubs of Hamburg’s St. Pauli district in the… Read the original article here