How to determine a solid path forward in a liquidation
British Steel needed a buyer to avoid closure and to continue the iconic brand, but a sale was never guaranteed.

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EY Entrepreneur Of The Year™ 2022 UK regional finalists announced
103 regional finalists from 89 businesses across Scotland, North, Midlands and South West, and London and South East, showcasing the spirit of entrepreneurship across the country
5 May 2022 London GB
Cost of living pressures to drive significant rise in UK credit card borrowing
Demand for consumer credit expected to climb 7.9% this year and 5.5% in 2023 as cost of living pressures bite; a reversal of the pandemic-driven 12% fall over 2020-21. The loan loss ratio is also forecast to rise 1.7% in 2022 having averaged 1.3% from 2015-19. Mortgage lending forecast to rise 3.8% this year and 3.3% in 2023, down from 4.3% in 2021 – the slowing growth rate largely reflecting stretched affordability, escalating interest and mortgage rates and the rising cost of living. Net bank lending to UK businesses expected to grow by 2.8% in 2022 and 3.3% in 2023 as markets revert to pre-pandemic economic conditions, although geopolitical uncertainty and supply chain disruption likely to depress firms’ short-term appetite to invest.
4 May 2022 London GB
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Early 2022 sees record number of cost and supply chain profit warnings as companies face ‘crisis as normal’
UK-listed companies issued 72 warnings in the first quarter of 2022 A record 43% of profit warnings issued in Q1 2022 were due to rising costs
3 May 2022
‘Perfect storm’ of challenging trading conditions as UK insolvencies more than double year-on-year in Q1 2022
EY comments on the Insolvency Service Q1 2022 data
3 May 2022
EY Reading celebrates move to new office
This week, EY Reading celebrated its move to new offices, which have been designed to facilitate the firm’s transition to a hybrid working model by providing a modern, collaborative and tech enabled office environment for its people and clients.
28 Apr 2022
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