Posts Tagged ‘Administration’

Training company director who owed company £2.6m is disqualified for breach of duty

Comments Off | 02-1-2016

The company went into administration in November 2013, disclosing liabilities in excess of £13m.
Following an investigation by the Insolvency Service, Mr Syddall, who was adjudged bankrupt in April 2015 on the petition of HMRC, gave a disqualification undertaking to the Secretary of State for Business, Innovation & Skills, preventing him from acting as a director

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Government response to report into closure of City Link

Comments Off | 09-23-2015

City Link went into administration on 24 December 2014 affecting around 2,700 employees, self employed drivers and firms providing services to the company on a sub-contractor basis.
The impact of the closure on employment was looked at in a joint Business, Innovation and Skills and Scottish Affairs Committee report published in March 2015. This report made

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CMA provisionally clears foundation trust hospitals merger

Comments Off | 08-14-2015

Ashford and St Peter’s Hospitals NHS Foundation Trust (ASP) and Royal Surrey County Hospital NHS Foundation Trust (RSC) provide clinical services from their sites in Ashford, Chertsey and Guildford.
The proposed merger was referred for an in-depth phase 2 inquiry in February after an initial Competition and Markets Authority (CMA) investigation found that the proposed acquisition might

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M6 speed limit returns to 70mph near Sandbach

Comments Off | 08-14-2015

Contractors for Highways England began work on the bridges in January this year and a 50mph limit was introduced for safety reasons, due to the temporary narrow lanes on the motorway.
The northbound carriageway will be closed overnight, between 10pm and 6am, on Tuesday 18 August between junction 16 at Crewe and junction 18 at Middlewich

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Derailment of a container train, Washwood Heath – Update

Comments Off | 08-14-2015

At 08:03 hrs, the failure of signalling equipment in the vicinity of Washwood Heath West Junction, following the passage of train 4O14, alerted the Network Rail signaller to a possible problem with that train. It was subsequently discovered that the train had derailed and then re-railed when crossing from the Up Derby Slow line to

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County Durham directors receive lengthy bans after overstating sales by over £1bn

Comments Off | 08-14-2015

John and Carmel Billany were disqualified as directors for nine years and three years six months respectively after they had inflated the company’s turnover from around £3 million, to an annual turnover of £1.2 billion in order to obtain finance.
The company, which supplied hydraulic components, became insolvent in September 2013 after owing money to a

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River Thames boaters to carry on cruising thanks to £1 million investment from Environment Agency

Comments Off | 08-14-2015

The Environment Agency confirmed yesterday (Tuesday 11 August) which of its 45 locks on the non-tidal River Thames are in line for improvement works during the remainder of this financial year.
In all, 8 lock sites will have a total of more than £1 million spent on them. The seven-figure investment will ensure the locks and

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Armed forces training gets £250 million boost

Comments Off | 06-10-2014

Defence minister Dr Andrew Murrison has announced that a new £250 million Defence College of Logistics, Policing and Administration will provide world class facilities for our armed forces and will bring together the training for key support roles from each of the services onto one site for the first time.
The new college will cover such

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