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    Insolvency: RCM Advisory latest news and press releases

    RCM Weekly review for October 2019 - Week 42

    RCM Weekly review for October 2019 - Week 42

    Week 42 Review - Women's fashion retailer Bonmarche call in the administrators and Dragons Den star Peter Jones, planning to use a CVA to reduce costs to help secure the […]

    RCM Weekly review for October 2019 - Week 41

    RCM Weekly review for October 2019 - Week 41

    Week 41 Review - Luxury jeweller Links of London goes into administration putting 350 jobs at risk and Pizza Express hire advisers to help with its mountain of debt […]

    RCM Weekly review for October 2019 - Week 40

    RCM Weekly review for October 2019 - Week 40

    Week 41 Review - Prezzo's Company Voluntary Arrangement (CVA) appears to be bearing fruit as operating losses are halved to £20.7m for 2018 and John Lewis Partnership is the latest […]

     

    RCM Weekly review for September 2019 - Week 39

    RCM Weekly review for September 2019 - Week 39

    Week 39 Review - Builder of the London Routemaster bus, Wrightbus goes into Administration resulting in 1,200 job losses and Thomas Cook forced into compulsory liquidation. […]

    RCM Weekly review for September 2019 - Week 38

    RCM Weekly review for September 2019 - Week 38

    Week 38 Review - Thomas Cook has only hours to raise £200m in order to avoid falling into Administration and High Court rejects legal challenge against Debenhams' CVA. […]

    RCM Weekly review for September 2019 - Week 37

    RCM Weekly review for September 2019 - Week 37

    Week 37 Review - John Lewis posts a £25.9m loss for the first half of the year citing ongoing concerns over Brexit as major factor and one of the UK's largest pawnbrokers has ceased trading. […]

     

    RCM Weekly review for September 2019 - Week 36

    RCM Weekly review for September 2019 - Week 36

    Week 36 Review - Further woes for the high street restaurant trade as Restaurant group considering more than 150 closures and Arcadia report huge loses for year ending September […]

    RCM Weekly review for August 2019 - Week 35

    RCM Weekly review for August 2019 - Week 35

    Week 35 Review - Brexit uncertainty has caused the UK to fall to the bottom of the G7 GDP growth league. Today Canada has released it Q2 GDP figures with strong growth of 0.9% in the quarter […]

    RCM Weekly review for August 2019 - Week 34

    RCM Weekly review for August 2019 - Week 34

    Week 34 Review - Morrisons confirm that four stores are to close with the loss of up to 400 jobs & Harland and Wolff administrators confirm they have received several offers to buy the […]

     

    RCM Weekly review for August 2019 - Week 33

    RCM Weekly review for August 2019 - Week 33

    Week 33 Review - Turkish military fund reaches a provisional deal to buy British Steel and survey reveals that UK high street vacancy rate is at its highest for four years […]

    RCM Weekly review for August 2019 - Week 32

    RCM Weekly review for August 2019 - Week 32

    Week 32 Review - Tesco announce 4,500 job cuts at their Metro stores & Latest GDP figures estimate that the UK economy has contracted for the first time in 7 years. […]

    RCM Weekly review for August 2019 - Week 31

    RCM Weekly review for August 2019 - Week 31

    Week 31 Review - Latest statistics from The Insolvency Service reveal that number of personal bankruptcies at highest level since Q4 2014 and company insolvencies remain at high levels. […]

     

    RCM Weekly review for July 2019 - Week 30

    RCM Weekly review for July 2019 - Week 30

    Week 30 Review - Mothercare in talks to offload stores as sales continue to drop and average Household incomes hit record high, thanks to rising pay and lower taxes […]

    RCM Weekly review for July 2019 - Week 29

    RCM Weekly review for July 2019 - Week 29

    Week 29 Review - Homebase could be buying bathstore out of Administration and Government borrowing increases in June as new PM prepares to take over. […]

    RCM Weekly review for July 2019 - Week 28

    RCM Weekly review for July 2019 - Week 28

    Week 28 Review - Superdry predicting tough times ahead as it reports a £85.4m loss and Thomas Cook in £750m rescue deal talks with its largest shareholder. […]

     

    RCM Weekly review for June 2019 - Week 26

    RCM Weekly review for June 2019 - Week 26

    Week 26 Review - Boots confirm that they plan to close 200 stores over the next 2 years and bidding deadline for British Steel nears with interest said to be limited […]

    RCM Weekly review for June 2019 - Week 25

    RCM Weekly review for June 2019 - Week 25

    Week 25 Review - UK public sector deficit widens to £5.1bn in May and Bathstore, the UK's largest bathroom retailer, is on the brink of going into Administration […]

    RCM Weekly review for June 2019 - Week 24

    RCM Weekly review for June 2019 - Week 24

    Week 24 Review - Arcadia’s CVAs finally get backing, Monsoon creditors seeking equity in return for supporting rescue and Mike Ashley challenges Debenhams' CVA.[…]

     

    RCM Weekly review for June 2019 - Week 23

    RCM Weekly review for June 2019 - Week 23

    Week 23 Review - Ford to close Bridgend engine plant with 1,700 jobs lost, Aviva cutting costs with 1,800 roles to go and Arcadia’s future in the balance as landlords oppose CVA[…]

    RCM Weekly review for May 2019 - Week 22

    RCM Weekly review for May 2019 - Week 22

    Week 22 Review - UK car production down by almost half in April and Monsoon considering a Company Voluntary Arrangement (CVA) in order to reduce rents[…]

    RCM Weekly review for May 2019 - Week 21

    RCM Weekly review for May 2019 - Week 21

    Week 21 Review - British Steel has been placed into compulsory liquidation putting 5,000 jobs at risk and Jamie’s restaurant chain enters Administration with the majority of sites to close[…]

     

    RCM Weekly review for May 2019 - Week 20

    RCM Weekly review for May 2019 - Week 20

    Week 20 Review - The owners of Cotswold Outdoor have announced that its CVA has been approved by its creditors and the number UK companies going into administration has hit a[…]

    RCM Weekly review for May 2019 - Week 19

    RCM Weekly review for May 2019 - Week 19

    Week 19 Review - UK economy rebounds to grow 0.5% in first quarter, however Personal insolvencies up 16% year-on-year. Fashion chain Select falls into administration. […]

    RCM Weekly review for April 2019 - Week 17

    RCM Weekly review for April 2019 - Week 17

    Week 17 Review - Government borrowing falls to lowest level for 17 years and Debenhams announce first 22 store closures with upto 1,200 staff affected […]

     

    RCM Weekly review for April 2019 - Week 15

    RCM Weekly review for April 2019 - Week 15

    Week 15 Review - Debenhams enters pre-pack administration, LK Bennett bought out of administration by the company's Chinese franchisee and are Arcadia lining up a CVA? […]

    RCM Weekly review for April 2019 - Week 14

    RCM Weekly review for March 2019 - Week 14

    Week 14 Review - UK productivity continues to flat line, Boots warn of store closures as sales fall and Pretty Green bought out of Administration by JD Sports […]

    RCM Weekly review for March 2019 - Week 12

    RCM Weekly review for March 2019 - Week 12

    Week 12 Review - This week: UK unemployment falls to 44-year low despite Brexit fears and Giraffe and Ed’s Easy Diner restaurant closures are approved by creditors for CVA […]

     

    RCM Weekly review for March 2019 - Week 11

    RCM Weekly review for March 2019 - Week 11

    Week 11 Review - Outsourcing sector in trouble again, as contractors Interserve and Dawnus go into administration. These failures are reminiscent of the Carillion collapse […]

    RCM Weekly review for March 2019 - Week 10

    RCM Weekly review for March 2019 - Week 10

    Week 10 Review - Brexit uncertainty hits estate agents Countrywide, Mike Ashley attempts to takeover at Debenhams and LK Bennett formally enter administration […]

    RCM Weekly review for March 2019 - Week 9

    RCM Weekly review for March 2019 - Week 9

    Week 9 Review - LK Bennett lines up administrators, retailer GAP announce that they are closing 230 stores globally and UK car output slumps 18 percent in January. […]

     

    RCM Weekly review for February 2019 - Week 8

    RCM Weekly review for February 2019 - Week 8

    Week 8 Review - Flybmi goes into administration with the loss of almost 400 jobs and a Record UK government surplus of £14.9bn recorded in January due to bumper tax reciepts […]

    RCM Weekly review for February 2019 - Week 7

    RCM Weekly review for February 2019 - Week 7

    Week 7 Review - Patisserie Valerie saved by private equity firm and retail sales bounce back in January. Irish-based private equity firm Causeway Capital Partners commented that they had […]

    RCM Weekly review for February 2019 - Week 6

    RCM Weekly review for February 2019 - Week 6

    Week 6 Review - HMV saved from administration and Bank of England maintain Interest rates at 0.75% whilst revising down UK growth forecast to only 1.2% this year.[…]

     

    RCM Weekly review for February 2019 - Week 5

    RCM Weekly review for February 2019 - Week 5

    Week 5 Review - Insolvency figures for 2018 released, Oddbins enters administration again and Ford announce 400 jobs to go at Bridgend plant in cost cutting drive[…]

    The Insolvency service release figures for new corporate and individual insolvencies for 2018

    Insolvency figures for 2018 released

    The Insolvency service release figures for new corporate and individual insolvencies for 2018. The underlying number of insolvencies has increased to the highest levels since 2014 […]

    RCM Weekly review for January 2019 - Week 4

    RCM Weekly review for January 2019 - Week 4

    Week 4 Review - Patisserie Valerie finally collapses into administration, additional House of Fraser stores saved and Santander announce more branch closures. […]

     

    RCM Weekly review for January 2019 - Week 3

    RCM Weekly review for January 2019 - Week 3

    Week 3 Review - Store closures - Continued retail woes for M&S, Paperchase, Debenhams and New Look. Store openings decline and closures accelerate in 2018 […]

    2018 in review, and some crystal ball gazing...

    2018 in review, and some crystal ball gazing...

    What a year 2018 has been. The year started against the backdrop of ongoing Brexit negotiations, and continuing uncertainty about what type of Brexit […]

    House of Fraser CVA Fascia

    House of Fraser is to restructure under A proposed CVA

    House of Fraser became the latest struggling retailer to confirm that it will restructure under a CVA proposal to be put to the vote of its creditors on 22 June […]

     

    RCM Launch fixed price MVL solution

    RCM Advisory launch a new fixed-price solvent liquidation (MVL)

    RCM are proud to announce the launch of our new MVL product aimed at accountants and solicitors specialising in the Contractor Market, and their clients. […]

    Norfolk Award winning insolvency Practitioner presentation

    Richard Cacho - No. 1 Insolvency Practitioner in Norfolk

    Richard Cacho is a rare breed within Insolvency. In a career spanning over thirty years, Richard has qualified as a chartered accountant, been employed as […]

    Closed - Brick And Mortar Retailing

    The Doom Of Traditional Brick And Mortar Retailing

    Finance Monthly speaks to Richard about insolvencies in the hospitality and retail sector and the importance of seeking specialist advice as soon as your business […]

     

    Insolvency logo Norfolk View

    Richard Cacho opens RCM Advisory headquarters in Norwich

    Boutique business recovery and insolvency practice opens headquarters in Norwich. The firm, RCM Advisory Limited, was established by Richard Cacho […]

    Restaurant business recovery

    What's eating the restaurant trade?

    The whole restaurant sector is under enormous pressure due to increased competition and staff and produce costs, eating(no pun intended!) into profit margins […]

    Carillion collapses

    The effects of Carillion collapse being felt in Norfolk

    I have already received calls from employees and contractors affected by the collapse and liquidation of the construction and outsourcing giant Carillion. […]

     

     

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    Advice that you can trust: Our Awards & Accreditations

     

    Award Seal Richard Cacho

    Richard Cacho Awarded No. 1 Insolvency Practitioner in Norfolk

    Richard Cacho award article

    Head Office - Norwich