ICSM Logistics business news: insolvencies among haulage firms rise as the industry is hit by a perfect storm
By Harry Mottram: Hauliers going to the wall are sharply up as costs spiral, competition increases and the effects of Brexit,…
ICSM Business News: Birmingham Council issues a section 114 notice after running out of cash but there’s a long history of councils that have gone bust – both Labour and Conservative
By Harry Mottram: Those who can recall the days of Margaret Thatcher may also remember the Liverpool Council’s 1983 Rate Capping…
ICSM Business Insolvency News: shadowy spivs, sharks and chancers make mockery of Wilko’s collapse as the administrators seek a deal with retail rival B&M to save part of the chain
By Harry Mottram: For the 12,500 Wilko staff and the ailing store’s hundreds of suppliers it’s been an unedifying few days,…
ICSM News: property giant Evergrande’s bankruptcy protection threatens not only China’s economy but could hit the UK as confidence in the world’s number two economy plummets
By Harry Mottram: China may be the world’s number two economy, but few economists believe the statistics published by Beijing on…
ICSM Business News: as London’s Mayor Khan goes all ULEZ, British Volt’s owners are raided by police and electric car hire firm Co-Cars goes bust – ICSM advises suppliers to be wary of the EV industry
By Harry Mottram: with the news that Tata could build a new electric car battery factory at the former Royal Ordnance…
ICSM News: the rise and fall of the high street bank as Nat West’s CEO quits over the Farage affair and hundreds of branches close and ICSM sees staff cuts at banks causing more problems
By Harry Mottram: At a guess pretty much every business in the UK has had an issue with its bank at…
ICSM Business News: Thames Water on the brink of collapse as servicing debt exacerbated by high interest rates continues to wreak havoc in business (but the taxpayer could end up bailing the utility out)
By Harry Mottram: One of Britain’s largest utility firms is on the brink of collapse as the economy continues to be…
ICSM BUSINESS NEWS: shock as it’s revealed UK business insolvencies are up 140% as firms crash due to high interest rates
By Harry Mottram: On BBC Radio 4’s Today programme on Monday 26th June, 2023, Matt Ingram Managing Director, UK Restructuring Advisory at…
ICSM Logistics News: the Big Green Parcel Machine goes bust leaving hundreds out of work and customers’ parcels undelivered
By Harry Mottram: One the big players in the parcels and logistics sectors have gone into administration leaving customers in the…
ICSM Insolvency News: suppliers angry as Princess of Wales’ parents’ company goes bust owing creditors an eye-watering £2.6 million pounds
By Harry Mottram: Despite living what many would see as an A-list celebrity lifestyle with Royal Family events and buying a…