Keep up to date with all the latest goings on at White Maund.
Hello……. We have a follow-up on how the UK restaurant business is doing, we take a look at rising personal debt and give you an insight into Company Voluntary Arrangements. In White Maund company news we are delighted that Sue Maund has been nominated and chosen as a finalist in this year’s Women in […]
We are delighted that Sue Maund has been shortlisted for next week’s East Sussex Women in Business Awards. Sue has been nominated for the category of Business Women of the Year. The annual awards run by JP Events and sponsored by Hart Reade are held each year in Eastbourne. The awards aim to celebrate and […]
Driving to work on Tuesday morning listening to Radio 4, BBC News had an article about rising levels of personal debt which made me think back to the economic crisis of 2008 which was fuelled by a reckless attitude to risk and lending to those that were not in a position to repay their debts. […]
If recent statistics are to be believed, some 86% of Company Voluntary Arrangements (CVAs) entered into between 2013 and 2015 have failed and an alternative insolvency process has been required. There are numerous reasons why a CVA may not work as intended however in the right circumstances a CVA still offers an opportunity to restructure […]
Earlier this year we reported on the struggling restaurant industry following the closure of some of Jamie Oliver’s restaurants. Unfortunately it seems that our prediction for hard times ahead is coming to fruition with more big name restaurants adding to the list including Ed’s Easy Diner and Frankie and Benny’s closing poorly performing sites from […]
The new Insolvency Rules came into effect on the 6th April 2017. The new rules are already undoubtedly having a significant impact on the Insolvency profession. They represent the most significant shake up in the insolvency professional legislation for more than 30 years when the Insolvency Act was introduced in 1986. The changes have been brought […]
The statistics released last week by the Insolvency Service for the first quarter of 2017 show an increase in total company insolvencies in England & Wales of 5.3% compared to the same quarter in 2016, driven by an increase in underlying numbers of creditor voluntary liquidations. Does this show that economic pressures are beginning to […]
With Jamie Oliver earlier this year announcing the closure of six of his restaurants, 2017 looks set to be a challenging year for the sector and retail generally. The cost of labour will increase in April following an increase in the minimum wage which dovetails with a revaluation of business property which may lead to […]
At White Maund we believe that we not only have a responsibility towards our clients but also to the wider community. As part of our CSR policy (Corporate Social Responsibility), we take seriously our environmental credentials. While we are not a heavy industrial company, we can still take small steps to being greener. The recent […]
The Insolvency Service has released the insolvency statistics for the final quarter of 2016 and whilst there has been only a marginal increase in corporate insolvencies there has been a significant increase in personal insolvencies compared to 2016. Whilst the number of people becoming bankrupt has continued to decline, the increase in personal insolvencies has […]