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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