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Construction, manufacturing and retail account for 40% of administrations

Accountancy Today

Data from The Gazette Official Public Record revealed construction, manufacturing and retail were the sectors that accounted for almost 40% of administrations in 2022.

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Does My Business Debt Need Restructuring?

CFO Share

Then I am hired to negotiate with lenders to help small businesses restructure debt and avoid folding. Does your small business need debt restructuring? Here’s a common scenario: Joe owns a construction company. One week he’s short on payroll so he takes a short-term loan from a lender that specializes in construction lending.

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Corporate Bankruptcies Are Rising Globally

Global Finance

This past summer, three board directors resigned and the remaining directors hired Jeremy Rosenthal, a bankruptcy specialist, as chief restructuring officer. The increase was most significant in construction (+3.8%), financial activities (+2.6%), and trade (+2.4%). Will he pull BurgerFi back from the brink, or not?

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Retail sector accounted for 16% of UK administrations in 2023, analysis reveals

Accountancy Today

Retail, manufacturing, construction, hospitality and real estate were the worst-hit sectors, accounting for 57% of all administrations. With the sector’s filing almost doubling when compared with the first six months of 2022, the retail industry replaced construction as the worst-hit sector.

Retail 89
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Company insolvencies rise 32% in December

Accountancy Today

Commenting on the figures, Colin Haig, partner and head of Restructuring at Azets, said: “It’s inevitable that failure statistics will uptick regularly in UK but that’s not the whole story. The more constructive options of air cover via a moratorium or a restructuring plan are viable for businesses that consult early.

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Africa’s Chinese Trade Tie-Up

Global Finance

billion, which it has used to fund projects including the Standard Gauge Railway (SGR) and road construction. billion, leading to debt restructuring negotiations. Ethiopia’s debt to China stands at around $13.5 billion, supporting projects like railways and industrial parks. Kenya, another major borrower, owes an estimated $9.8

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Five At Five: Google’s P2P Move; Whole Foods Does Robotic Farming

PYMNTS

The first phase of construction will bring grow centers that can make products such as kale, culinary herbs and microgreens. Sears CEO Wants t o Restructure Debt, Sell Assets. CEO Edward Lampert is seeking to restructure the retailer’s roughly $1.1 Then, three more phases could follow.