In May 2019 shares in Thomas Cook fell by 30% and the airline has continued to face troubles since.
Calls for an investigation into the actions of the Financial Conduct Authority (FCA) emerge after the collapse of the financial company, London Capital & Finance (LC&F).
In January 2019 it was discovered that Patisserie Valerie, a chain that specialises in cakes, had manipulated their accounts by overstating cash by £30 million. They omitted a £10 million overdraft and disclosed £54 million in cash that simply didn't exist - the question remains - who should be held responsible?
The All-Party Parliamentary Group (APPG, an independent organisation made up of MPs) has intervened in a Supreme Court case to help small businesses against financial institutions by closing a legal loophole which banks have used to exploit distressed companies.
Last month, the High Court put British Steel into compulsory liquidation following the failed rescue talks between Greybull Capital (a private equity firm) and the UK government.
Jamie Oliver’s restaurant group, including Jamie’s Italian, Fifteen and Barbecoa, has gone into administration.
Having gone into administration last year, Toys R Us is still not yet out of the woods. Recent reports suggest that large legal bills still remain outstanding.
An increasing number of law firms are becoming insolvent due to tighter funding options.
A Supreme Court ruling means that HMRC (the government body responsible for collecting taxes) is set to receive £1 billion in taxes over the Lehman Brothers collapse back in 2008.
Following its failure to secure funds from investors, Wow Air ceased operations and cancelled all its flights on the 28th of March.