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Latest Insolvency Related News

Arcadia Group Enters Administration, 13,000 Jobs at Risk
The Arcadia Group has entered administration with its bosses citing the Covid-19 pandemic as a key reason for its financial woes.
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7 in 10 Pubs and Restaurants Fear Imminent Closure
As many as seven in 10 pubs and restaurants across the UK worry that they might be forced to close next year if they continue to face Covid-19 restrictions.
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Struggling Companies Ask for Bounce Back Loan Top Ups
Companies in financial difficulty have been applying in large numbers for top ups to their Bounce Back Loans after England went back into a full coronavirus lockdown.
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Perfect Storm Forecast for Struggling Companies
The coming months could represent a “perfect storm” of difficult operating conditions for a lot of UK companies already under financial strain.
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Nearly 1 in 5 Hospitality Businesses at Severe Risk of Insolvency
Almost one in five hospitality businesses across the UK recently said they would consider themselves to be at severe risk of entering insolvency.
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Football Clubs ‘Will Be Gone in Weeks Without Urgent Help’
Clubs across the English Football League (EFL) will start to disappear in a matter of weeks unless they can be financially supported.
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Cashflows Deteriorated at 45% of UK Companies in Q3
Close to half of all UK companies polled recently said their cashflow situation deteriorated over the course of the third quarter of this year.
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Chancellor Outlines ‘Pay as You Grow’ Repayment System for Bounce Back Loans
Chancellor Rishi Sunak has outlined a new “flexible” repayment system that is to be introduced in relation to Bounce Back Loans provided to businesses hit by the coronavirus crisis.
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