Print Industry News: manager at Quinns the Printer jailed over fraud; Southern Print site auctioned; and Rule of Six slammed for hitting High Street printers

Print Industry News: manager at Quinns the Printer jailed over fraud; Southern Print site auctioned; and Rule of Six slammed for hitting High Street printers

Haulage mayhem as firms go bust and concerns mount over Brexit - but one firm fights back against the parking cowboys and scores a rare win

Haulage mayhem as firms go bust and concerns mount over Brexit - but one firm fights back against the parking cowboys and scores a rare win

Going, going, gone! Fancy a nearly new printing press, an articulated lorry or a Laura Ashley dress? Online trade auctions are booming as firms go bust

Pic: The Guardian

Going, going, gone! Fancy a nearly new printing press, an articulated lorry or a Laura Ashley dress? Online trade auctions are booming as firms go bust

Insolvent professional football club ‘could have paid creditors’; anger at ‘phoenix-like’ Thomas Cook relaunch; and ICSM Credit slams the furlough fraudsters

Pic: Cheshire Live

Insolvent professional football club ‘could have paid creditors’; anger at ‘phoenix-like’ Thomas Cook relaunch; and ICSM Credit slams the furlough fraudsters

End the Rule of Six now and all the other restrictions and come to terms with the fact that like any other disease we must live with Covid-19

End the Rule of Six now and all the other restrictions and come to terms with the fact that like any other disease we must live with Covid-19

ICSM Credit News: Coffee chain chokes over a CVA; Pizza Hut’s financial restructure; and some rare good news with the high court ruling on business interruption insurance policies

ICSM Credit News: Coffee chain chokes over a CVA; Pizza Hut’s financial restructure; and some rare good news with the high court ruling on business interruption insurance policies

Print Industry News: Tudor Bookbinding set for creditors meeting; newspaper group’s latest financial worries; the high price of a death at work for a company

The Daily Star is owned by Reach who have financial woes

Print Industry News: Tudor Bookbinding set for creditors meeting; newspaper group’s latest financial worries; the high price of a death at work for a company

ICSM Credit News: Olympic torch firm goes bust; Mercedes dealer in pre-pack; alarm over logistic firm; ICSM Credit slams Southampton

Pic: NBC

ICSM Credit News: Olympic torch firm goes bust; Mercedes dealer in pre-pack; alarm over logistic firm; ICSM Credit slams Southampton's Council over boat show ban

October’s expected bloodbath as business rent protection ends; New Look’s desperate pleas for a CVA; and 1,200 care homes ‘will go bust in 2020’

Pic: FT

October’s expected bloodbath as business rent protection ends; New Look’s desperate pleas for a CVA; and 1,200 care homes ‘will go bust in 2020’

Dodgy firms: finding out who is the owner when staff are dishonest

Relative confusion: it can be difficult to find out who is the real debtor when everyone has the same name in a family firm. Photo by abi ismail on Unsplash

Dodgy firms: finding out who is the owner when staff are dishonest

ICSM Credit's Newsletter September 2020: Surviving in business in a post-Covid 19 world when cash is king and credit control is all

With apologies to Raquel Welch in the movie One Million Years BC

Survival of the fittest in the economically chilling aftermath of the Covid-19 Crisis

The FT journalist who exposed Wirecard’s billions as fake – and how the German regulators tried to blacken his name instead of investigating the multi-million pound fraud

FT Graphic

The FT journalist who exposed Wirecard’s billions as fake – and how the German regulators tried to blacken his name instead of investigating the multi-million pound fraud

 

Creditors beware: newspaper industry in freefall during Covid-19 as sales plunge 39% as publisher Archant seeks to dump their pension fund and leave shareholders with nothing

Pic: FT

Creditors beware: newspaper industry in freefall during Covid-19 as sales plunge 39% as publisher Archant seeks to dump their pension fund and leave shareholders with nothing

As retailers Anne Summers and Moss Bros join the growing movement seeking CVAs there’s a new turn-off for the High Street: unclear social distancing signs

As retailers Anne Summers and Moss Bros join the growing movement seeking CVAs there’s a new turn-off for the High Street: unclear social distancing signs

ICSM Credit’s Ian Carrotte: if there’s no Covid 19 spike after schools go back the nation needs to regain its sanity and get back to work

ICSM Credit’s Ian Carrotte: if there’s no Covid 19 spike after schools go back the nation needs to regain its sanity and get back to work

Crunch months for thousands of firms as furlough ends – but are there jobs to return too?

Crunch months for thousands of firms as furlough ends – but are there jobs to return too?

ICSM Credit News: Home Secretary intervenes over BooHoo’s suppliers scandal; Coventry bus company goes bust; airline’s creditors vote on survival package

ICSM Credit News: Home Secretary intervenes over BooHoo’s suppliers scandal; Coventry bus company goes bust; airline’s creditors vote on survival package

Print Industry News: print trade shows pulled until 2021; problems for print trade press; magazine sales plunge during Covid-19; and Latimer Trend workers’ redundancy victory

Print Industry News: print trade shows pulled until 2021; problems for print trade press; magazine sales plunge during Covid-19; and Latimer Trend workers’ redundancy victory

Debenhams’ parent firm enters administration as uncertainty continues; STA Travel collapses; sushi chain

How times change: Debenhams could hire fashion models Eva Herzigova, Yasmin Le Bon and Helena Christensen to front their sales. Now they are struggling to survive

Debenhams’ parent firm enters administration as uncertainty continues; STA Travel collapses; sushi chain's CVA, and a shopping centre goes bust

Print industry liquidations mount as Covid-19 effect bites - Ian Carrotte:

Print industry liquidations mount as Covid-19 effect bites - Ian Carrotte: 'it's only the tip of the iceberg'

Free Post-COVID Business Toolkit Consultation

Book your FREE Post-COVID Business Toolkit Consultation

Pizza Express: suppliers be warned as chain begs for a CVA; collapsed haulage firm left £6.5m in debts; and July's unfeasibly low insolvency figures (we explain why)

Pic: BBC

Pizza Express: suppliers be warned as chain begs for a CVA; collapsed haulage firm left £6.5m in debts; and July's unfeasibly low insolvency figures (we explain why)

Chasing up debts: the struggle to find out who really owns a business - on the trail of the dodgy geezers of this world with ICSM Credit

Promo pic for the BBC series The Sheriffs are Coming

Chasing up debts: the struggle to find out who really owns a business - on the trail of the dodgy geezers of this world with ICSM Credit

Neville Thurlbeck’s PR firm liquidated; Debenhams on the brink; a third of printers suffer late payment; retail CVAs; and the eyewatering debts left by book seller

Neville Thurlbeck’s PR firm liquidated; Debenhams on the brink; a third of printers suffer late payment; retail CVAs; and the eyewatering debts left by a book seller

UK economy’s worst kept secret: we’re in a recession; plus criminal investigation into HBOS bank fraud; and power industry wobbles as Western Power goes up for sale

Pic: The Guardian

UK economy’s worst kept secret: we’re in a recession; plus criminal investigation into HBOS bank fraud; and power industry wobbles as Western Power goes up for sale

Sushi crisis puts CVA on the menu; printer faces winding up petition; Presco swoop; suicide bidding is back; mystery of the fake invoices; and another retailer in trouble

Pic: The Times

Sushi crisis puts CVA on the menu; printer faces winding up petition; Presco swoop; suicide bidding is back; mystery of the fake invoices; and another retailer in trouble

 

Urgent print industry warning: beware of new start-up ‘book publishers’ who promise huge orders (and want long credit terms) – reference the ‘Bonnie and Clyde of the print industry’

A business ménage à trois! ICSM Credit welcomes the news that Premier Paper are teaming up with the Independent Printing Industry Association (IPIA)

A business ménage à trois! ICSM Credit welcomes the news that Premier Paper are teaming up with the Independent Printing Industry Association (IPIA)

Duchess’ favourite store in CVA; ski firm collapses; hotels is desperate struggle to survive; construction outfit liquidated; Welsh manufacturer goes bust

 

Duchess’ favourite store in CVA; ski firm collapses; hotels is desperate struggle to survive; construction outfit liquidated; Welsh manufacturer goes bust

Covid-19: 10 positive changes you must make to your business in a post pandemic world

Covid-19: 10 positive changes you must make to your business in a post pandemic world

Over 75% of hospitality businesses at risk of insolvency; Virgin Atlantic files for bankruptcy; betting shops lose business; and a sushi chain's CVA

Over 75% of hospitality businesses at risk of insolvency; Virgin Atlantic files for bankruptcy; betting shops lose business; and a sushi chain's CVA

Stationery chain slashes jobs, fashion store's CVA, and crisis for the trade show industry as events pulled (full list of lost trade exhibitions here)

Stationery chain slashes jobs, fashion store's CVA, and crisis for the trade show industry as events pulled (full list of lost trade exhibitions here)

OPINION: Furloughing has been abused by 33% of employers and resulted in new work practices which are bad for the economy

OPINION: Furloughing has been abused by 33% of employers and resulted in new work practices which are bad for the economy

ICSM Credit's August Newsletter: firms sell assets to save themselves; Harry and Meghan liquidate foundation; print's 'new world order' and 'we should have done a Sweden'

The Sale of the Century (for those of tender years) was a popular ITV show that ran from from 1971 to 1983, hosted by Nicholas Parson

ICSM Credit's August Newsletter: firms sell assets to save themselves; Harry and Meghan liquidate foundation; print's 'new world order' and 'we should have done a Sweden'

BREAKING: 1,700 jobs on the line as major gym group goes into administration leaving the suppliers high and dry

BREAKING: 1,700 jobs on the line as major gym group goes into administration after its income fell to zero due to Covid-19

ICSM News: major food supplier enters administration; pre-pack for burger firm; debts dumped by restaurant chain; care home debt crisis; and one of the worst late payers in the UK exposed

ICSM News: major food supplier enters administration; pre-pack for burger firm; debts dumped by restaurant chain; care home debt crisis; and one of the worst late payers in the UK exposed

ICSM Credit News: pizza chain to serve up an oven baked CVA; 200,000 cars for sale at £800 each as Hertz struggles; banana firm slips up; builder goes bust; and cold comfort for creditors from Hotter Shoes

USA singer and actress Jessica Simpson promoted Pizza Hut

ICSM Credit News: pizza chain to serve up an oven baked CVA; 200,000 cars for sale at £800 each as Hertz struggles; banana firm slips up; builder goes bust; and cold comfort for creditors from Hotter Shoes

ICSM Credit News: Harry and Meghan

ICSM Credit News: Harry and Meghan's foundation liquidated; family print firm crashes; caterers left out of hospitality's VAT cut; and warning to creditors of collapsing retailers

ICSM Credit News: Duchess of Cambridge’s favourite ‘ethical’ fashion firm liquidated; millionaire owner set to axe 500 jobs; and Holland & Barrett are shamed for late payments to suppliers

ICSM Credit News: Duchess of Cambridge’s favourite ‘ethical’ fashion firm liquidated; millionaire owner set to axe 500 jobs; and Holland & Barrett are shamed for late payments to suppliers

ICSM Credit News: Covid 19 brings disaster in the high street as office workers fail to return, a coffee firm collapses and a famous shirt brand could disappear

ICSM Credit News: Covid 19 brings disaster in the high street as office workers fail to return, a coffee firm collapses and a famous shirt brand could disappear

Fears businesses will have to pay for Covid 19 as Chancellor Rishi Sunak considers online sales tax and replacing business rates with a new land tax

Fears businesses will have to pay for Covid 19 as Chancellor Rishi Sunak considers online sales tax and replacing business rates with a new land tax

Sale of the century begins: Walmart looks to off-load Asda; David Lloyd gym could be sold; Riley Sports Bar looks for a buyer as Covid 19 prompts sell-offs plus Antalis has a new owner

The Sale of the Century (for those of tender years) was a popular ITV show that ran from from 1971 to 1983, hosted by Nicholas Parson

Sale of the century begins: Walmart looks to off-load Asda; David Lloyd gym could be sold; Riley Sports Bar looks for a buyer as Covid 19 prompts sell-offs, plus Antalis has a new owner

COMMENT: Sweden 1 United Kingdom 0. No lockdown, no compulsory face masks, no economic shut down – Sweden and Covid 19

COMMENT: Sweden 1 United Kingdom 0. No lockdown, no compulsory face masks, no economic shut down – Sweden and Covid 19

Hospitality takes big hits as Pizza Express seek a CVA and Wagamama shuts restaurants, while retailer Jigsaw mulls over sale and SoleTrader and Oliver Sweeney go bust

Hospitality takes big hits as Pizza Express seek a CVA and Wagamama shuts restaurants, while retailer Jigsaw mulls over sale and SoleTrader and Oliver Sweeney go bust

Late payment special part three: how to spot the signs and what practical steps to take to get paid (and how to apply interest to an invoice)

Late payment special part three: how to spot the signs - what practical steps to take to get paid (and how to apply interest to an invoice)

Late payment special part two: why do businesses and sole traders give up on overdue invoices and write them off (when there’s an alternative)

Late payment special part two: why do businesses and sole traders give up on overdue invoices and write them off (when there’s an alternative)

Late payment special part one: Covid-19 has made the situation worse with 62% of firms having payments frozen

Late payment special part one: Covid-19 has made the situation worse with 62% of firms having payments frozen

Restaurant chain’s pre-pack still sees outlets close; creditors may get some cash from collapsed firm; entertainment firm’s CVA plan; June’s insolvency figures out; and cruise company’s insolvency threat

Restaurant chain’s pre-pack still sees outlets close; creditors may get some cash from collapsed firm; entertainment firm’s CVA plan; June’s insolvency figures out; and cruise company’s insolvency threat

Suppliers to firms with ‘bounce back loans’ beware - warns ICSM Credit - estimates suggest 40% of borrowers will default - heralding a nationwide collapse of small businesses

Suppliers to firms with ‘bounce back loans’ beware - warns ICSM Credit - estimates suggest 40% of borrowers will default - heralding a nationwide collapse of small businesses

First it was Brexit, then Covid-19 and the lock down – now warns ICSM Credit it’s the banning of Huawei that next threatens the creditors of a raft of businesses

First it was Brexit, then Covid-19 and the lock down – now warns ICSM Credit it’s the banning of Huawei that next threatens the creditors of a raft of businesses

COMMENT: Time for ‘dithering’ Lord Callanan to pull his finger out and sort out the scandal of the big four’s role in playing referee and footballer in a game where SMEs and the public lose out

COMMENT: Time for ‘dithering’ Lord Callanan to pull his finger out and sort out the scandal of the big four’s role in playing referee and footballer in a game where SMEs and the public lose out

News Bites: masks in shops 'impossible to enforce'; no-show customers slammed; mass redundancies as print industry wobbles; china shops collapse; builder owed £11m; and directors get breathing space from creditors

Pic: Morpeth Herald

News Bites: masks in shops 'impossible to enforce'; no-show customers slammed; mass redundancies as print industry wobbles; china shops collapse; builder owed £11m; and directors get breathing space from creditors

ICSM Credit’s Ian Carrotte has warned members of the credit intelligence group to be wary of those involved in the trade fair and exhibitions industry after a raft of shows are cancelled or postponed.

The BBC Good Food Show is one of many put back a year due to Covid 19

ICSM Credit warns suppliers to be wary of those involved in the trade fair and exhibitions industry after a raft of shows are pulled

ICSM Credit: it's retail Armageddon as Brooks Brothers fold and Boots and John Lewis shed 5,300 jobs IN ONE DAY (time to batten down the hatches and not give credit to collapsing companies)

Pic: Fashion Network

ICSM Credit: it's retail Armageddon as Brooks Brothers fold and Boots and John Lewis shed 5,300 jobs IN ONE DAY (time to batten down the hatches and not give credit to collapsing companies)

As Firstgroup announces it might not survive much longer ICSM Credit lists the excuses given to suppliers as to why they haven

Pic: CA Finance

As Firstgroup announces it might not survive much longer ICSM Credit lists the excuses given to suppliers as to why they haven't been paid yet (which ones have you heard?)

ICSM Credit News: Heidelberg quits Drupa; disqualified directors fined £80K; Eddie Stobart’s losses; and Ian Carrotte warns creditors ‘not to get into bed’ with ailing firms

Pic: Digital Labels and Packaging

ICSM Credit News: Heidelberg quits Drupa; disqualified directors fined £80K; Eddie Stobart’s losses; and Ian Carrotte warns creditors ‘not to get into bed’ with ailing firms

Fashion store AllSaints and retailer Poundstretcher bag CVAs giving them a way out of debt – but ICSM Credit’s Ian Carrotte warns creditors: you’ll take a haircut

Fashion retailer AllSaints have neogotiated a CVA to stay in business

Fashion store AllSaints and retailer Poundstretcher bag CVAs giving them a way out of debt – but ICSM Credit’s Ian Carrotte warns creditors: you’ll take a haircut

Print firm’s pre-pack deal is seen as ‘concerning’ and ‘uncomfortable’ by creditors and ICSM Credit after the pre-pack pool gives it the green light

Print firm’s pre-pack deal is seen as ‘concerning’ and ‘uncomfortable’ by creditors and ICSM Credit after the pre-pack pool gives it the green light

ICSM Credit news: concerns at BooHoo’s slump; ‘Big Four’ accountants under spotlight; commercial print in trouble; more professional football clubs in danger; and issues with bounce back loans

BooHoo are in crisis over concerns of work practices in Leicester

ICSM Credit news: print trade body warns over post Covid-19 business; haulage firm’s CVA; BooHoo’s slump; ‘Big Four’ accountants given a ticking off; and newspapers in crisis

No wonder Spicers Office Team (SPOT) owed millions - the group had a string of related firms dragged down by May’s collapse

An image used by Spicers Office Team (SPOT) to promote themselves

Spicers Office Team (SPOT) owed millions to creditors - who will rake over the ashes of the famous  firm on July 9

Shock at £19bn black hole that could see 13 universities liquidated with suppliers left with billions of pounds of unpaid invoices

Shock at £19bn black hole that could see 13 universities liquidated with suppliers left with billions of pounds of unpaid invoices

Latest ICSM Credit News: weight of debts brings Tribal Clash to the brink; Casual Dining Group goes into administration and more problems for haulage industry as firms collapse

Latest ICSM Credit News: weight of debts brings Tribal Clash to the brink; Casual Dining Group goes into administration, and more problems for haulage industry as firms collapse

The Queen is drawn into hotel's administration (it's opposite Windsor Castle) while the Insolvency Service tries to explain away why so few insolvencies were processed in May

Pic: The Insider

The Queen is drawn into hotel's administration (it's opposite Windsor Castle) while the Insolvency Service tries to explain away why so few insolvencies were processed in May

Is this the first of many? Football club calls in the administrators as

Pic: Wikipedia

Is this the first of many? Football club calls in the administrators as 'suspension of the Championship season due to Covid-19 has had a significant impact '

They're taking away the sofa: Harveys Furniture collapses plus news of a Scottish print management firm's sudden end

Louise Rednapp famously promoted furniture from Harveys Furniture for House Beautiful

They're taking away the sofa: Harveys Furniture collapses plus news of a Scottish print management firm's sudden end

ICSM Latest News: swimwear firm goes bust; retailer New Look gives landlords an ultimatum; and a survey says 25% of furloughed staff will be made redundant

Seafolly have collapsed

ICSM Latest News: swimwear firm goes bust; retailer New Look gives landlords an ultimatum; and a survey says 25% of furloughed staff will be made redundant

Byron Burger could be the first collapsed company to use the new law that gives insolvent firms 20 days

Byron Burger could be the first collapsed company to use the new law that gives insolvent firms 20 days 'breathing space' to find a rescue plan

COMMENT: what the bunglers in Downing Street should have done to tackle the Covid 19 crisis (and a recession would have been avoided)

COMMENT: what the bunglers in Downing Street should have done to tackle the Covid 19 crisis (and a recession would have been avoided)

Latest ICSM Credit News: Monsoon and other retailing troubles; Intu enters administration, Non-Standard ‘on the brink’; various CVAs and pre-packs; and more news of firms in trouble and who to avoid

Pic: Retailer Monsoon have been under pressure

Latest ICSM Credit News: Monsoon and other retailing troubles; Intu enters administration, Non-Standard ‘on the brink’; various CVAs and pre-packs; and more news of firms in trouble and who to avoid

Business trashed, jobs lost, economy ruined, lives destroyed, 60,000+ dead: yes the Government

Business trashed, jobs lost, economy ruined, lives destroyed, 60,000+ dead: yes the Government's handling of Covid 19 has been a balls up from the start

Comment: the Covid 19 shutdown for business was a pointless over reaction creating a needless recession – what was the point?

Comment: the Covid 19 shutdown for business was a pointless over reaction creating a needless recession – what was the point?

 

ICSM Credit News: Rent day for retailers; Go Outdoors bought back in pre-pack, The Print Show is pulled; UK businesses owed on average £148,917 pre-lockdown; plus, more updates…

ICSM Credit News: Rent day for retailers; Go Outdoors bought back in pre-pack, The Print Show is pulled; UK businesses owed on average £148,917 pre-lockdown; plus, more updates…

ICSM Credit Latest News: Gastropub owner ‘heartbroken’ by insolvency; Intu finally admits the inevitable; and Go Outdoors and Hotter crash; plus more news…

Joycelyn Neve Pic: The Caterer

ICSM Credit Latest News: Gastropub owner ‘heartbroken’ by insolvency; Intu finally admits the inevitable; and Go Outdoors and Hotter crash; plus more news…

Print industry news: Jo Francis on business, trade bodies merge, death of former chairman of Picon, BPIF’s report on Q1 and Print Business on Covid-19’s effects

Jo Francis of Print Week magazine

Print industry news: Jo Francis on business, trade bodies merge, death of former chairman of Picon, BPIF’s report on Q1 and Print Business on Covid-19

Suppliers beware of the cold winds of recession as companies default, propose CVAs and plead Covid-19 poverty rather than pay up (latest list here)

Pic: Bloomberg

Suppliers beware of the cold winds of recession as companies default, propose CVAs and plead Covid-19 poverty rather than pay up (latest list here)

Comment: furloughing has simply delayed the inevitable for zombie firms

Comment: furloughing has simply delayed the inevitable for zombie firms (Plus news of pre-packs, insolvencies and company collapses)

Comment: proposed code of practice for commercial landlords and tenants is a fudge (Plus news of struggling famous firms suppliers may want to avoid)

Comment: proposed code of practice for commercial landlords and tenants is a fudge (Plus news of struggling firms suppliers may want to avoid)

Hauliers take a hit as firms struggle with debts, bad debts and business disappearing

Hauliers take a hit as firms struggle with debts, bad debts and business disappearing (and that's BEFORE Covid-19)

Covid-19 clause in new insolvency bill saves retailer from being wound up in test case

Judge takes into account new insolvency law in test case saving retailer from petition to be wound up by landlord

Latest ICSM Credit News: Frankie & Benny's CVA; Monsoon and Accessorize's pre-pack raises eyebrows; and another hotel goes bust

Pic: BBC

Latest ICSM Credit News: Frankie & Benny's CVA; Monsoon and Accessorize's pre-pack raises eyebrows; and another hotel goes bust

SCANDALS: how the Royal Bank of Scotland and the Post Office forced SMEs into insolvency

Pic: Daily Telegraph

SCANDALS: how the Royal Bank of Scotland and the Post Office forced SMEs into insolvency

ICSM Credit Insolvency News: Intu on the brink; Travelodge’s CVA; Spicer’s and Simon’s debts; and Mann Haulage are liquidated

ICSM Credit Insolvency News: Intu on the brink; Travelodge’s CVA; Spicer’s and Simon’s debts; and Mann Haulage are liquidated

Lingerie retailer Victoria’s Secret UK collapses into administration as the High Street takes another blow

Lingerie retailer Victoria’s Secret UK collapses into administration as the High Street takes another blow

ICSM

ICSM's Debt Collection Service - returning tens of thousands of pounds every year to clients from overdue accounts

A MESSAGE FROM ICSM CREDIT

A MESSAGE FROM ICSM CREDIT'S IAN CARROTTE: NOTES ON THE COVID-19 CRISIS - THE END GAME

ICSM Credit issues warning to potential suppliers of major firms who show signs of collapse ‘don’t supply them without guarantees of payment’

Monsoon have asked landlords for help. Pic: The Sun

ICSM Credit issues warning to potential suppliers of major firms who show signs of collapse ‘don’t supply them without guarantees of payment’

Covid-19 opinion: the lock down doctrine is flawed as without a healthy economy there isn’t a healthy country

Covid-19 opinion: the lock down doctrine is flawed as without a healthy economy there isn’t a healthy country

Ian Carrotte fires off warning to SMEs over

Pic: Daily Mirror

Ian Carrotte fires off warning to SMEs over 'out of the blue' orders from ailing airline and travel firms

Crisis at debt-ridden online print firm. Ian Carrotte: 'Don’t delay as this has all the hallmarks of a firm about to collapse'

Crisis at debt-ridden online print firm. Ian Carrotte: 'Don’t delay as this has all the hallmarks of a firm about to collapse'

ICSM Credit warning over reduced motor industry due to Covid-19: supply the industry by all means but make sure you get paid

ICSM Credit warning over reduced motor industry due to Covid-19: supply the industry by all means but make sure you get paid

Insolvency and credit warning news: firms entering administration include Hertz, Adelie, Digway Bulk Haulage and Cardiff Container Link while DHL slash jobs and Edinburgh Woollen Mill’s £27m in unpaid invoices

Insolvency and credit warning news: firms entering administration include Hertz, Adelie, Digway Bulk Haulage and Cardiff Container Link while DHL slash jobs and Edinburgh Woollen Mill’s £27m in unpaid invoices

Hope springs eternal during Covid-19: made redundant during lock down - but Jay Lee sets up a new business

Hope springs eternal during Covid-19: made redundant during lock down - but Jay Lee sets up a new business

Questions raised by creditors over Fox Marketing Services MC Limited’s Statement of Affairs

Company boss scrutinised over '£455,000 listed to creditor with similar name to collapsed Fox firm'

Print Week reports on the end of Landry Kouakou’s ‘short lived empire’ as Tactical Solutions and Flare enter administration

Print Week reports on the end of Landry Kouakou’s ‘short lived empire’ as Tactical Solutions and Flare enter administration

Insolvency News: Fit the best - Everest Double Glazing teeters on the brink while Cath Kidston owes creditors £90m and 90 construction related firms go bust

Insolvency News: Fit the best - Everest Double Glazing teeters on the brink while Cath Kidston owes creditors £90m and 90 UK construction firms go bust in Q1 as Covid-19 bites deep into the economy

ICSM Credit: don't let big names take the mickey by not paying invoices before calling in administrators

Two more big names in hospitality threaten to go bust leaving creditors with empty plates

Intu threatens to default on debt unless lenders give some ‘breathing space’

Manchester's Trafford Centre is in crisis as the owners beg for breathing space from creditors

Ugly face of the Covid-19 crisis as theatres close leaving suppliers with nothing

Cinderella was a hit at the Southport Theatre but with the theatre shut there's no cash

Ian Carrotte: chase invoices owed by theatres, pubs and the night time economy in general as many will not reopen

U-Shape, V-Shape, L-Shape – modelling the possible outcomes of the Covid-19 recession

U-Shape, V-Shape, L-Shape – modelling the possible outcomes of the Covid-19 recession

Latest news from ICSM Credit: the cold winds of recession sweep the UK and the USA

Ian Carrotte: let's hope it's a V-shaped recession - but prepare for the worst

Story of the lost £30m as shareholders ploughed their savings into doomed firm

Ian Carrotte: the firm had been in trouble for some months with a big loss last year leaving suppliers high and dry

ICSM Credit issues warning over using expensive ‘sluggish’ solicitors to collect debts

Get paid fast with ICSM Credit's Debt Collection Service: fast, efficient, and easy to use from an experienced and accessible team

The paradox of fewer administrations but more companies on the brink of collapse

KPMG: fewer administrations than 2019 - but expect more than 100,000 corporate insolvencies this year

Airlines, retailers, theatre and hospitality businesses in trouble prompt ICSM Credit to issue warning

As another airline goes bust ICSM Credit issues a warning about firms looking to restructure or even expand - and seeking new suppliers

ICSM Credit warning: Nuffield Southampton Theatres’ collapse is just the tip of the iceberg

Theatres could go the same way as the Nuffield Southampton Theatre trust as they are very vulnerable in this economic crisis - Ian Carrotte

More firms hit the buffers as the Covid-19 crisis continues to bite

Coach firm appoints administrators as the Covid-19 crisis continues to hit the travel and holiday businesses (including Airbnb and Gatwick Airport)

Axbridge Chamber of Commerce information on the Government's 'bounce back loans'

ICSM Credit as a member of the Axbridge Chamber of Commerce relays this information on the Government's 'bounce back loans'

From a pension group to a hotel - the latest company collapses and administrations

ICSM Credit latest news: from a pension group to a hotel - the latest company collapses and administrations

An insider’s look into the ‘Wild West’ world of insolvency practitioners and company administrations

The good, the bad and the cowboys: a look inside the 'Wild West' world of insolvency practitioners

Exorbitant Insolvency Practitioner fees and questionable practices: the murky world of administration

Eye-wateringly high fees and controvercial pre-packs: the murky world of administration

ICSM Credit’s global reach: collecting debts for clients anywhere in the world

Anywhere, anyplace, anytime: ICSM Credit goes after your debtors across the globe and gets you your money

ICSM Credit Latest News: high risk credit ratings for firms listed plus Hotel Chocolat in trouble and the taxman is after firms abusing the furlough scheme

ICSM Credit Latest News: high risk credit ratings published - includes a house builder and a school; Hotel Chocolat's problems, Next in trouble and the taxman is after firms abusing the furlough scheme

Welcome to ICSM Credit's Covid-19 newsletter

Welcome to ICSM Credit's Covid-19 newsletter

Print, paper and office industries stunned by Spicers notice to appoint administrators

Disaster for suppliers and staff of Spicers Office Team as firm looks set for administration as the Covid-19 crisis strikes again

The ghosts of Polestar return, Flybe’s CCJs, Antalis take-over latest in protracted sale and Pizza Express served with a winding up order by a landlord

Pizza Express served with winding up order and other news including the ghosts of Polestar return (plus latest on Antalis)

Danger: more companies in trouble as Covid-19 hits the travel economy BIG TIME

Red alert to suppliers as Airbus says it is bleeding cash (and other warnings over firms in trouble)

SMEs in Shared Office Space urged to take action today over missed £1bn Cash Grant Loophole

Cash flow crisis hits those who rent a shared office space

Peer’s ’30-day’ late payment bill could boost economy by £2.5bn immediately

Lord Mendelsohn's late payment legislation delayed due to Covid-19

After the lock down: a look into the future

After the lock down: a look into ICSM Credit's crystal ball

Stationery and print firm Spicers Office Team’s future in serious doubt as buyer sort

Major concerns as 'big player' in British office and stationery supply chain in financial trouble

Gloomy report predicts half of UK’s non-food retailers could go bust by September

Retail report: non-food retailing set to collapse this summer as shopping habits change (and coronavirus takes its toll)

The Business Survivor’s Guide to the coronavirus crisis

How to get your business through the Covid-19 crisis

Latest company collapses: Virgin Australia, Le Pain Quotidian and Debenhams Ireland (but Norton Motorcycles have been rescued)

From Carluccio's to Laura Ashley - coronavirus is laying waste UK firms (even billionaire Richard Branson's Virgin Atlantic is in trouble)

Eyebrows raised over print and marketing company’s liquidation

Lock down on 23rd March and shut down on 24th as Fox's lease expires

ICSM Credit: the courts are open and firms are paying invoices – if we apply pressure

What a joke: 'I tried to get a Coronavirus Business Interruption Loan'

Covid 19: Frustration, delays and disappointment as firms denied emergency funding

Business groups say banks are too slow in processing emergency loans during crisis

Concerns mount over winding-up petitions during coronavirus crisis

Call to delay winding-up petitions as companies crash during coronavirus crisis

Print Industry survey reveals shocking financial effects on business of the coronavirus crisis

Printing presses fall silent as industry is hit by the Covid 19 shut down

Coronavirus kills off the Jewish Chronicle newspaper

Print publication calls it a day due to the covid-19 emergency

ICSM Credit’s lifeline to struggling businesses: free temporary legal letter membership

An inconvenient truth about the coronavirus crisis: companies aren't paying their invoices - but ICSM Credit has a free solution

ICSM Credit's special coronavirus newsletter

 

Welcome to ICSM Credit's special coronavirus newsletter

ICSM Credit News: emergency coronavirus debt crisis special bulletin

ICSM Credit News: emergency coronavirus debt crisis special bulletin

What a joke: ICSM Credit checks out the Coronavirus Business Interruption Loan

Ian Carrotte tests the Government’s Coronavirus Business Interruption Loan Scheme – and finds it wanting

Blow to event management companies and traders as Edinburgh Festivals are canned

The features 25,000 performers - many are small businesses and sole traders

A nightmare for small businesses: Edinburgh Festival cancelled due to coronavirus

Banks are taking advantage of the coronavirus crisis

ICSM Credit's Ian Carrotte: banks are taking advantage of businesses in trouble due to the coronavirus crisis

Crunch day for employers: do they lay off staff or apply for ‘on furlough’?

ICSM Credit: as firms shut down check to see if you can furlough staff and ruthlessly chase up all your debtors

Companies permitted to trade while insolvent during coronavirus crisis

Coronavirus: company rule changes protect firms trading while technically insolvent

The fall-out from the coronavirus crisis is not just the human cost - it’s the recession to come

COMMENT: the casualties of the coronavirus crisis includes the economy (and common sense)

How to survive the coronavirus crisis

To furlough or not to furlough as firms look to survive the emergency

Chancellor’s payments for the self-employed leave many left high and dry

Financial experts explain who in the 5 million self-employed will or won't get help from the Government

Government’s Coronavirus Business Interruption Loan Scheme ‘not fit for purpose’

Ian Carrotte: Coronavirus Business Interruption Loan Scheme 'is gesture politics'

Accounts departments must chase down unpaid invoices during coronavirus crisis

ICSM: alarm bells ringing in accounts departments as customers delay paying invoices during the coronavirus crisis

Coronavirus: airlines left to fend for themselves by the Government

ICSM Credit warns suppliers of holiday firms, airlines and travel agents to 'chase unpaid invoices' as sector collapses

Coronavirus crisis: major construction projects paused but some firms continue working

ICSM Credit calls for clarity for construction industry during coronavirus crisis as 'firms could become insolvent'

COMMENT: Is shutting down the economy the best way to tackle coronavirus?

COMMENT: We may disagree with how to tackle coronavirus but don't close down free speech

Coronavirus crisis: retailers shut up shop but will they pay up?

Ian Carrotte: some retailers are using coronavirus as an excuse not to pay suppliers

Rents withheld, staff layoffs, Government grants - surviving coronavirus

Coronavirus: how different industries are coping - or closing

Print industry has survived epidemics since the 16th century

Print industry has survived epidemics before - Print Week reports on how it's coping now

 

 

As coronavirus crisis deepens don’t let bad debts kill your business

ICSM Credit's Paul Carrotte: 'use out debt collection service and get paid'

Retailing nightmare for Joules, Burberry, Next, Selfridges, Zara, Superdry: sales fall off a cliff

Coronavirus: retail crisis mounts as Zara closes its doors

More stores hit crisis point during coronavirus crisis

Ian Carrotte: more Government help needed for the crisis on the High Street as retailers struggle during the great coronavirus emergency

ICSM Credit welcomes delay to IR35 which would increase tax on some self-employed workers

Ian Carrotte: self-employed need help 'not a cut in their income'

ICSM Credit reacts to the chancellor’s £350bn package

'We need help for the self-employed and to fast track the business loans on offer'

Join ICSM Credit to protect your business during the coronavirus recession



ICSM Credit's Ian Carrotte on coronavirus: 'the genie is out of the bottle' so keep calm and carry on

Coronavirus: which companies are in trouble

Laura Ashley, Carphone Warehouse, Cycle Republic - who is next? 

Hospitality sector reacts to coronavirus advice

Anger at Government advice to 'avoid pubs' as hospitality industry takes the hit

Latest companies suffering in present crisis

How to survice the coronavirus crisis

Global economic crisis unfolds as stocks fall in coronavirus panic

Companies on the brink with the economy on the slide as coronavirus panic sees cash flow drying up and businesses in a crisis

ICSM Credit gives a cautious welcome to the budget

Good news on business rates but worries over the coronavirus effect on business

Video: how to send a FREE legal letter that will get overdue invoices paid

Get your overdue invoices paid with ICSM Credit's FREE legal letters (they have a 90% success rate)

ICSM credit’s view on cynical directors who wish to dump debt

Concerns mount over phoenix operations after trade publication raises question over collapsed firm

Trade shows cancelled, orders dry up and companies on the brink

From struggling Korean Air to the cancelling of the NEC Sign & Digital show coronavirus is hitting business

Firms emerge from CVAs with changed business plans

ICSM Credit's warning that struggling firms coming out of CVAs can still collapse

ICSM Credit's News Video. March 2020

Video includes instructions for ICSM Credit members on how to send a FREE legal letter (and get paid quickly)

Despite some improvement construction firms continue to pay late

Construction industry 'has a problem with late payment'

Customers and suppliers left with nothing after Flybe goes into administration

ICSM Credit warning over coronavirus comes to pass immediately as Flybe is grounded

Luxury hotel owned by TV couple Steph and Dom of Secret Gardens fame goes to the wall

Hotel goes bust leaving staff and suppliers unpaid and guests' deposits lost

Coronavirus set to cause cash flow problems as economy takes a hit

ICSM Credit warning over cash flow problems for UK firms as coronavirus causes economic slowdown

ICSM Credit members manage to get paid just before Printed Solutions went bust

BREAKING: High Wycombe print outfit goes bust

Petition launched to demand Government action over failed motorcycle firm

Government ministers 'seduced' by sexy iconic motorbike British brand (and poured in millions of tax payers' cash) before collapse

Taylor Bloxham went bust owing the staff £1.87m

ICSM Credit: the 2018 accounts were a warning Taylor Bloxham were in trouble

Customers left with nothing after Fly365 goes into administration

Coronavirus: ICSM Credit issues warning as outbreak takes first company scalp

What's behind the rise in insolvencies? ICSM Credit has some answers

Ian Carrotte of ICSM Credit looks at the reasons behind the rise in business failures

Axminster Carpets looks set to close after no buyer comes forward

ICSM Credit's Ian Carrotte is saddened by the loss of Axminster Carpets - an 'icon of British brands' 

Unsecured creditors left with £45m unpaid invoices

ICSM Credit's Ian Carrotte shocked by the mess left by defunct Bardsley

Another day another retailer in trouble: Laura Ashley on the brink

Crisis in the High Street deepens as Laura Ashley is in danger of collapse

 

HQ Trivia collapses and ends in live video drunken rant

The future of TV broadcasting HQ Trivia goes bust as backers pull out

China, Germany and USA are worst for late overseas payers

Chinese, German and American firms highlighted in 'league of shame' debtors

High Street retail and hospitality carnage as more businesses close in 2020

Beales, the Burger Chain and Hawkin's Bazaar go - but is it a blip?

A total of £600,000 in unpaid bills ‘unlikely’ to the paid

Haulier removed trucks and trailers before administrators arrived

ICSM Credit warning: don’t pay a debt collector up front

Struck off debt collector rips off print company

Staff made redundant the day before payday

Warnings were there as Taylor Bloxham headed for the cliff edge

 

American sister company of closed UK outfit files for Chapter 11

UK firm's collapse blamed on Brexit - but was it really the Yanks?

Construction, manufacturing, newspapers, motorcycles: companies crash

ICSM Credit: 'Hold on tight as 2020 looks like a bumpy year'

Foil and lamination outfit pressed into administration

Was it Brexit or losing two major accounts that caused the crash?

 

Company directors sentence in £3.1m fraud

Print Week report on demise of Anton Group amid 'illegal payments' fraud case

ICSM Credit issue warning to hauliers

Concerns mount over logistics and the EU as another company crashes

This year could see record company failures if trends continue

An astonishing 494,000 UK companies are in financial trouble

Perfect economic storm pushes more building firms into administration

Specialist pub refurbishment firm goes bust

Beales finally falls into administration with fears for 1,300 jobs

 

Beales plans to continue trading during administration following collapse

Scottish legal victory allows undervalued sale of property asset to be challenged

Insolvent firm's transport property asset was sold at almost a third of its value

Nottingham fabric swatch card firm enters administration

Economic downturn takes another scalp as 67 lose their jobs

Winning multi million pound contracts didn’t save company

Construction firm's Christmas collapse leaves contractors in the lurch

Concerns over 208 jobs as Mondi closes plants

Mondi shuts up shop in two UK site as crisis deepens

Report into KPMG’s failed audit of Carillion delayed to the summer

Auditor suspended following the collapse of giant contract firm

Trail of debts left by TV Chef (who remains a multi-millionaire)

Trade creditors of restaurants owned by Jamie Oliver to get 'nothing'

Is January the graveyard for retailers?

The inglorious 12th of January when retail liquidations begin

 

Two big names consider their future

Flybe and Beales on the brink of administration

OMG It’s the first week of January and another print firm goes bust

CPG Brand Communications reported as latest industry casualty

Shortfall for defunct Plymouth printer Latimer Trend estimated to hit £4.5m

Finance Director loses £280,000 after print firm's demise

Printing firm closes after ‘five litho firms go bust’

Invoicing facility set up in June failed to turn things around

 

Northampton transport firm goes into administration at Christmas

Car transporter firm with Baltic connections goes bust

Pro Freight Solutions close their haulage sector (but the warehouse is still open)

Administration for outfit with 30 trucks and 32 trailers

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