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Landlords had "little choice" in Blacks CVA

Landlords were given "very little choice" in the company voluntary arrangement of Blacks Leisure according to the British Property Federation. The administration process treated retailers differently which meant it was not a "fair way of sharing the ...

From RACHAEL SINGH, Accountancy Age,  24 Nov 2009

Related Topics: Woolworths

Corporate insolvency register could move online

A consultation on encouraging company rescues has included proposals for online filing of corporate administrations Proposals have been made to the Insolvency Service to move administration applications for corporate insolvencies to an online register. ...

From RACHAEL SINGH, Accountancy Age,  23 Nov 2009

CVA approved for Blacks Leisure

The creditors involved at Blacks Leisure, the outdoor clothing retailer, has approved the Company Voluntary Arrangement deal. The CVA set out a financial compromise between landlords of the unoccupied stores and the company. The administration process ...

From RACHAEL SINGH, Accountancy Age,  23 Nov 2009

Related Topics: Richard Fleming,  Brian Green

Landlords step up to rescue Blacks Leisure

Property landlords are being given "little choice" but to agree with a proposed insolvency agreement on Blacks Leisure Group. The sports retailer, Blacks, is on the verge of agreeing a Company Voluntary Arrangement which needs 75% of creditors to agree, ...

From RACHAEL SINGH, VNUNet.com,  23 Nov 2009

Threshers and Local Wine Rack binned

Alcohol retailers cut another 381 stores loose this is on top of the administrator's initial announcement to drop 373 when insolvency proceedings started A further 381 stores will be closed at the company behind Threshers, Wine Rack and Victoria ...

From RACHAEL SINGH, Accountancy Age,  20 Nov 2009

Related Topics: Richard Fleming,  Woolworths

Microsoft allows software to be moved to the cloud

Microsoft Dynamics has expanded its online remit giving its users more flexibility in the cloud Microsoft has expanded its online services as part of its Microsoft Dynamics enterprise resource planning package, including the expansion of a ...

From RACHAEL SINGH, Accountancy Age,  20 Nov 2009

Related Topics: Microsoft Corporation,  George Osborne

FinancialForce.com and Albany team up

Online accountancy company and on-premise payment provider join forces to create a more streamlined financial package Online accountancy technology provider FinancialForce.com has teamed up with payment software company Albany to create a more ...

From RACHAEL SINGH, VNUNet.com,  19 Nov 2009

Standard Life installs temporary group FD

Jackie Hunt might be set to head up Standard Life’s finance function following David Nish’s move to chief on just a temporary basis, but at least the insurer will let her in on its big discussions until a replacement is found. Hunt, formerly deputy ...

From RACHAEL SINGH, Accountancy Age,  18 Nov 2009

Related Topics: Standard Life,  Aviva,  FTSE,  Iain Wright

Employees share scheme is way to boost economy: PKF

PKF has urged companies to improve employee share schemes in order to boost economic recovery. The advice comes after a National Endowment for Science, Technology and the Arts research project found that just 6% of the largest companies in the UK ...

From RACHAEL SINGH, Accountancy Age,  18 Nov 2009

Brinkley FD and CEO step down

The finance director and chief exec have both stepped down at Brinkley Mining with the company yet to announce any successors. The company stated earlier this year it was required to make an acquisition which could constitute a reverse take-over and if ...

From RACHAEL SINGH, Accountancy Age,  11 Nov 2009

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