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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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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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A Practical Guide for the New CFO

CFO Talks

Construct Reliable Control Systems: Ensuring the integrity of financial systems and controls is crucial. This includes staff training, process improvements, and organizational restructuring to support the company’s strategic objectives.

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Barneys Set To File For Bankruptcy

PYMNTS

Barneys, which has 13 department stores and nine warehouse stores, will have to immediately shut down most of its locations and look for a buyer for seven core stores, according to the restructuring plan. If Barneys cannot reach a deal, it will be forced to liquidate.

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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.

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2024 – Navigating Distressed Office Markets: A Financial Lens for CFOs

CFO Leadership

For companies with leases set to expire within the next two years, lease restructuring emerges as a prudent financial strategy. Since most companies need capital to offset costs associated with constructing new spaces and facilitating relocations, many property owners are commonly offering turn-key improvements and sizable free rent packages.