Mighty Craft Appoint Voluntary Administrators

Mighty Craft has entered voluntary administration so that a decision can be made about whether or not the business should continue as a going concern.  In an announcement to the ASX today, the business said they had appointed Liam Healey and Quentin Olde from specialist restructuring firm Ankura as joint administrators. The announcement follows a…

EY comments on company insolvency data for Q3 2023 | EY

Simon Edel, UK Turnaround and Restructuring Strategy Partner at EY-Parthenon:  “Today’s insolvency figures illustrates how the challenging trading conditions facing UK companies is translating into distress. Company insolvencies in Q2 and Q3 2023 reached their highest level since Q2 2009, whilst administrations saw a 58% year-on-year uplift.   “Since the pandemic, insolvency activity had been heavily…