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Posts tagged with "administration"

Jessops goes into administration

January 10 2013

High Street camera retailer Jessops, who once traded out of the largest photography store in the world, has gone into administration. The firm, who have been hit hard by increased competition from supermarkets, online retailers, the growing use of smartphones to take pictures and   Read More…

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Insolvency Service to Investigate Comet Administration

December 18 2012

LEXLAW Principal, M Ali Akram, interviewed by SKY NEWS in relation to UK Insolvency law and Tax treatment of Private Equity houses. Mr M Ali Akram, who practises insolvency law, was interviewed by Joel Hills live on Sky News Business and also featured in a   Read More…

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Hallam collapse proves cash is king

November 28 2012

One of Leicestershire’s best-known building firms has recently collapsed. Hallam Contracts went into administration last week after managers failed to keep the business alive as it finally succumbed to cash flow problems caused by the tough economic climate. The final straw came when sub-contractors added   Read More…

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Winding-up petition forces construction firm into administration

November 23 2012

Hallam Contracts, a Leicester construction giant went into administration yesterday after experiencing a cashflow crisis which left it owing about 300 other businesses, including sub-contractors and suppliers, about £4 million. It has axed 105 of its 113-strong workforce. Hallam ceased trading after   Read More…

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