Bankruptcy

No cast-iron reassurances over deposits for Punch tenants

13-Feb-2014 By Rob Willock

Politicians usually duck hypothetical questions. But in this instance a politician has asked one, and demanded an answer.

Punch tenants' deposits 'not secure' as pubco withdraws debt restructure proposals

12-Feb-2014 By Ellie Bothwell

Punch Taverns is unable to guarantee that tenants’ deposits would be secure in the event of a default on its £2.3bn debt mountain, but suggested it would be highly unlikely that an administrative receiver would not protect the funds.

Pub and club insolvency rates stabilise, says PwC

30-Jan-2013 By John Harrington, M&C Report

Insolvency rates across the pub and club sector showed no change in 2012, according to figures obtained by PricewaterhouseCoopers (PwC).

Stonegate eyes Barracuda Pub Co

10-Nov-2011 By Mark Wingett, M&C Report

Stonegate, the TDR Capital-backed managed pub operator, is understood to be running a slide rule over Barracuda Pub Company, the c.200-strong pub group, prior to a possible bid for the business, the PMA has learnt.

Sector business failures on the rise

07-Nov-2011 By John Harrington, M&C Report

The number of businesses falling into administration in the licensed trade increased by more than one quarter between Q2 and Q3 2011, according to new down-beat figures from the Insolvency Service.

Licensed trade administrations fall

09-Aug-2011 By John Harrington, M&C Report

The number of administrations in the licensed trade fell almost one third in the second quarter of 2011 against Q1, according to new figures from...

Licensed trade sees sharp rise in business collapses

09-Feb-2011

The Insolvency Service has reported a near-quarter rise in business collapses in the licensed trade for the last three months of 2010. The figures...

148,000 UK businesses in dire financial straits, says new research

24-Jan-2011 By Hamish Champ

Nearly 148,000 UK businesses are experiencing "significant" or "critical" financial distress, according to new research. Begbies Traynor, the...

Pub insolvency rates fall, but remain high

11-Aug-2010

Pub sector insolvency levels remain high in the second quarter of 2010, despite a slight fall in the first quarter of the year, new figures show....

Pub insolvencies dip but still at recessionary levels

10-Aug-2010 By Gemma McKenna

The number of insolvencies in the pub trade has dipped — but they are still at recessionary levels, according to one insolvency firm. The latest...

Getting to grips with insolvency

07-Jun-2010

It is now more than a year since it was reported that outspoken TV chef and pub owner Gordon Ramsay had breached the terms of a £10.5m loan and had...

Paveley appointed to Admiral chair

18-Nov-2009 By Mark Stretton, M&C Report

Jonathan Paveley, the former Punch Taverns director, has been appointed executive chairman of Admiral Taverns. He replaces Gary Landesberg following...

Rogue till-roll supplier wound up

01-Sep-2009 By John Harrington

A rogue till-roll supplier that tried to con hundreds of licensees has been wound-up by the Insolvency Service.

Package Deal? Pre-packs can save jobs, but demand transparency

11-Apr-2009 By Hamish Champ

Today's tough market means more pub sector companies are likely to find themselves in financial difficulty to the extent they go into - or seek -...

Pre-packs: what's the deal?

20-Feb-2009 By David Moore, Begbies Traynor

Pre-pack administrations have become increasingly controversial. David Moore, a partner with business rescue, recovery and restructuring specialist Begbies Traynor, defends the pre-pack.

Pub company insolvencies jump 45%

06-Feb-2009 By Ewan Turney

The number of pub and bar companies becoming insolvent jumped by 45% between the third and fourth quarter of 2008. The Government's Insolvency...

Lapse of licence under section 27

29-Jan-2009 By Peter Coulson

The economic downturn has thrown up some legal traps in the licensed trade recently, principally in terms of the premises licence itself, says Peter Coulson.

Trading in difficult times

20-Aug-2008

IN THESE uncertain economic times, there are regular reports of companies and individuals becoming insolvent. Earlier this year, for example, Laurel...

Bowes 'made footy legend bankrupt'

12-Oct-2006 By The PMA Team

Geordie football legend Malcolm Macdonald devotes eight pages of his autobiography, Super Mac, to how he was forced into bankruptcy through dealings...

Nightclub Company boss hotly denies insolvency rumours

14-Feb-2005

The Nightclub Company has unequivocally refuted rumours that it is facing insolvency after contrary reports on the health of the leisure operator...

VBM chiefs banned from director posts

28-Oct-2004

by Tony Halstead and The PMA Team The four directors of high street bar operator Vodka Bar Management (VBM) ­ who were variously involved running...

Financial control: avoid going bust

22-Mar-2001

Taking note of the danger signs early enough can help you avoid going bust in a competitive market. We take a look at financial control.Independent...

What to do when bankruptcy seems inevitable

22-Mar-2001

On the way to the bankrupcy court, there is much that can be done to steer a business through a different course.One of the strategies promoted by...