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This is a list of UK businesses entering administration during the 2008–2009 financial crisis. UK insolvent businesses [ edit ] LSE listed companies that entered administration , by date, due to the impacts of the post-summer-2007 credit crunch and/or the late 2000s recession .
e. As a legal concept, administration is a procedure under the insolvency laws of a number of common law jurisdictions, similar to bankruptcy in the United States. It functions as a rescue mechanism for insolvent entities and allows them to carry on running their business. The process – in the United Kingdom colloquially called being "under ...
In October 2018, the company that owned UNILAD went into administration, with owners Harrington and Bentley having incurred debts of £6.5 million and owing taxes of £1.5 million. [25] A day later, managing director John Quinlan denied reports that it had gone into administration, saying the brand is "doing better than ever" and that he was ...
Arrium was an Australian mining and materials company, employing nearly 10,000 workers, [3] that went into voluntary administration in 2016 with debts of more than $2 billion. In 2017 it was acquired by British-owned Liberty House Group.
The company announced that its British arm was entering administration (similar to bankruptcy protection in the U.S.) on Monday, just a week after it received a notice from Nasdaq, the U.S.’s ...
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The Sarbanes–Oxley Act of 2002 is a United States federal law that mandates certain practices in financial record keeping and reporting for corporations.The act, Pub. L. Tooltip Public Law (United States) 107–204 (text), 116 Stat. 745, enacted July 30, 2002, also known as the "Public Company Accounting Reform and Investor Protection Act" (in the Senate) and "Corporate and Auditing ...
Aquascutum was established in 1851, the year of the Great Exhibition, when tailor and entrepreneur John Emary opened a high quality menswear shop at 46 Regent Street. In 1853, after succeeding in producing the first waterproof wool, he had his discovery patented and renamed the company 'Aquascutum', Latin for 'watershield'. [3]