ICSM Credit: it

Pic: Fashion Network

ICSM Credit: it's retail Armageddon as Brooks Brothers fold and Boots and John Lewis shed 5,300 jobs IN ONE DAY (time to batten down the hatches and not give credit to collapsing companies)

As Firstgroup announces it might not survive much longer ICSM Credit lists the excuses given to suppliers as to why they haven

Pic: CA Finance

As Firstgroup announces it might not survive much longer ICSM Credit lists the excuses given to suppliers as to why they haven't been paid yet (which ones have you heard?)

ICSM Credit News: Heidelberg quits Drupa; disqualified directors fined £80K; Eddie Stobart’s losses; and Ian Carrotte warns creditors ‘not to get into bed’ with ailing firms

Pic: Digital Labels and Packaging

ICSM Credit News: Heidelberg quits Drupa; disqualified directors fined £80K; Eddie Stobart’s losses; and Ian Carrotte warns creditors ‘not to get into bed’ with ailing firms

Fashion store AllSaints and retailer Poundstretcher bag CVAs giving them a way out of debt – but ICSM Credit’s Ian Carrotte warns creditors: you’ll take a haircut

Fashion retailer AllSaints have neogotiated a CVA to stay in business

Fashion store AllSaints and retailer Poundstretcher bag CVAs giving them a way out of debt – but ICSM Credit’s Ian Carrotte warns creditors: you’ll take a haircut

Print firm’s pre-pack deal is seen as ‘concerning’ and ‘uncomfortable’ by creditors and ICSM Credit after the pre-pack pool gives it the green light

Print firm’s pre-pack deal is seen as ‘concerning’ and ‘uncomfortable’ by creditors and ICSM Credit after the pre-pack pool gives it the green light

ICSM Credit news: concerns at BooHoo’s slump; ‘Big Four’ accountants under spotlight; commercial print in trouble; more professional football clubs in danger; and issues with bounce back loans

BooHoo are in crisis over concerns of work practices in Leicester

ICSM Credit news: print trade body warns over post Covid-19 business; haulage firm’s CVA; BooHoo’s slump; ‘Big Four’ accountants given a ticking off; and newspapers in crisis

No wonder Spicers Office Team (SPOT) owed millions - the group had a string of related firms dragged down by May’s collapse

An image used by Spicers Office Team (SPOT) to promote themselves

Spicers Office Team (SPOT) owed millions to creditors - who will rake over the ashes of the famous  firm on July 9

Shock at £19bn black hole that could see 13 universities liquidated with suppliers left with billions of pounds of unpaid invoices

Shock at £19bn black hole that could see 13 universities liquidated with suppliers left with billions of pounds of unpaid invoices

Latest ICSM Credit News: weight of debts brings Tribal Clash to the brink; Casual Dining Group goes into administration and more problems for haulage industry as firms collapse

Latest ICSM Credit News: weight of debts brings Tribal Clash to the brink; Casual Dining Group goes into administration, and more problems for haulage industry as firms collapse

The Queen is drawn into hotel's administration (it's opposite Windsor Castle) while the Insolvency Service tries to explain away why so few insolvencies were processed in May

Pic: The Insider

The Queen is drawn into hotel's administration (it's opposite Windsor Castle) while the Insolvency Service tries to explain away why so few insolvencies were processed in May

Is this the first of many? Football club calls in the administrators as

Pic: Wikipedia

Is this the first of many? Football club calls in the administrators as 'suspension of the Championship season due to Covid-19 has had a significant impact '

They're taking away the sofa: Harveys Furniture collapses plus news of a Scottish print management firm's sudden end

Louise Rednapp famously promoted furniture from Harveys Furniture for House Beautiful

They're taking away the sofa: Harveys Furniture collapses plus news of a Scottish print management firm's sudden end

ICSM Latest News: swimwear firm goes bust; retailer New Look gives landlords an ultimatum; and a survey says 25% of furloughed staff will be made redundant

Seafolly have collapsed

ICSM Latest News: swimwear firm goes bust; retailer New Look gives landlords an ultimatum; and a survey says 25% of furloughed staff will be made redundant

Byron Burger could be the first collapsed company to use the new law that gives insolvent firms 20 days

Byron Burger could be the first collapsed company to use the new law that gives insolvent firms 20 days 'breathing space' to find a rescue plan

COMMENT: what the bunglers in Downing Street should have done to tackle the Covid 19 crisis (and a recession would have been avoided)

COMMENT: what the bunglers in Downing Street should have done to tackle the Covid 19 crisis (and a recession would have been avoided)

Latest ICSM Credit News: Monsoon and other retailing troubles; Intu enters administration, Non-Standard ‘on the brink’; various CVAs and pre-packs; and more news of firms in trouble and who to avoid

Pic: Retailer Monsoon have been under pressure

Latest ICSM Credit News: Monsoon and other retailing troubles; Intu enters administration, Non-Standard ‘on the brink’; various CVAs and pre-packs; and more news of firms in trouble and who to avoid

Business trashed, jobs lost, economy ruined, lives destroyed, 60,000+ dead: yes the Government

Business trashed, jobs lost, economy ruined, lives destroyed, 60,000+ dead: yes the Government's handling of Covid 19 has been a balls up from the start

Comment: the Covid 19 shutdown for business was a pointless over reaction creating a needless recession – what was the point?

Comment: the Covid 19 shutdown for business was a pointless over reaction creating a needless recession – what was the point?

 

ICSM Credit News: Rent day for retailers; Go Outdoors bought back in pre-pack, The Print Show is pulled; UK businesses owed on average £148,917 pre-lockdown; plus, more updates…

ICSM Credit News: Rent day for retailers; Go Outdoors bought back in pre-pack, The Print Show is pulled; UK businesses owed on average £148,917 pre-lockdown; plus, more updates…

ICSM Credit Latest News: Gastropub owner ‘heartbroken’ by insolvency; Intu finally admits the inevitable; and Go Outdoors and Hotter crash; plus more news…

Joycelyn Neve Pic: The Caterer

ICSM Credit Latest News: Gastropub owner ‘heartbroken’ by insolvency; Intu finally admits the inevitable; and Go Outdoors and Hotter crash; plus more news…

Print industry news: Jo Francis on business, trade bodies merge, death of former chairman of Picon, BPIF’s report on Q1 and Print Business on Covid-19’s effects

Jo Francis of Print Week magazine

Print industry news: Jo Francis on business, trade bodies merge, death of former chairman of Picon, BPIF’s report on Q1 and Print Business on Covid-19

Suppliers beware of the cold winds of recession as companies default, propose CVAs and plead Covid-19 poverty rather than pay up (latest list here)

Pic: Bloomberg

Suppliers beware of the cold winds of recession as companies default, propose CVAs and plead Covid-19 poverty rather than pay up (latest list here)

Comment: furloughing has simply delayed the inevitable for zombie firms

Comment: furloughing has simply delayed the inevitable for zombie firms (Plus news of pre-packs, insolvencies and company collapses)

Comment: proposed code of practice for commercial landlords and tenants is a fudge (Plus news of struggling famous firms suppliers may want to avoid)

Comment: proposed code of practice for commercial landlords and tenants is a fudge (Plus news of struggling firms suppliers may want to avoid)

Hauliers take a hit as firms struggle with debts, bad debts and business disappearing

Hauliers take a hit as firms struggle with debts, bad debts and business disappearing (and that's BEFORE Covid-19)

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