Almost 200 European airports facing insolvency in the coming months unless passenger traffic recovers Airports body ACI Europe said airports at risk are mainly smaller, regional ones It added that closures to them would have an ‘outsized impact on local jobs’ Passenger traffic at European airports fell 73 per cent year-on-year in September By Jennifer … Read more
Grand Designs presenter Kevin McCloud, pictured, has written to investors in his eco property firm to warn them the company may be going into a formal insolvency process Investors in an eco-friendly property venture launched by Grand Designs host Kevin McCloud have said they fear they may never see their money again. McCloud launched Happiness … Read more
UN committee looking into global insolvency practices runs low on cash By Dan Atkinson For The Mail On Sunday Published: 22:31 BST, 1 August 2020 | Updated: 22:59 BST, 1 August 2020 The United Nations committee looking into global insolvency practices is gaining hands-on experience of running short of money. Working group five of the … Read more
Wherever you turn, the numbers are shocking. The economy shrank by nearly 6 per cent in March alone, the worst fall since monthly records began in 1997. The Bank of England expects an economic slump of 25 per cent in this quarter and 2020 is set to suffer from the deepest recession since 1706. Even … Read more
Panicked firms call insolvency experts as the crisis worsens amid lockdown By Harriet Dennys For Financial Mail On Sunday Published: 23:07 GMT, 21 March 2020 | Updated: 23:07 GMT, 21 March 2020 Hundreds of firms have contacted insolvency specialists after Boris Johnson put Britain into lockdown. R3, which represents 800 restructuring firms including KPMG, EY, … Read more