Newsroom
Articles
BM Advisory and Moorfields Advisory announce merger
Independent restructuring and advisory firms BM Advisory and Moorfields Advisory have today announced a merger, enhancing their ambitious growth plans and providing a strong all round service proposition to the market across the UK. The merged businesses will continue...
read more
Ban on evicting businesses for unpaid rent extended by nine months
The government has announced extended measures to protect commercial tenants affected by lockdown. The legislation aims to ringfence outstanding unpaid rent that has built up when a business has had to remain closed during the pandemic. It also aims to guide tenants...
read more
Government extends Covid insolvency measures to end June
The Government has announced that it has extended temporary insolvency measures to support businesses during the pandemic by a further three months. The measures, which were introduced in the Corporate Insolvency and Governance Act in March 2020, and include...
read more
Supporting your clients on the road to recovery
COVID-19 has been the most difficult challenge for companies in a lifetime – the protracted closure of parts of the economy has left many businesses with little or no cash reserves and uncertainty about the nature and timing of the recovery. Businesses are being...
read more
Parliamentary report criticises Bounce Back Loan Scheme
Parliament's Public Accounts Committee has published a “withering” report* into the Bounce Back Loan Scheme (BBLS), put in place to help businesses through the height of the Coronavirus pandemic. The report shows that, while the focus was on speed of delivery, the...
read moreNews
Royel Hotels (UK) Limited t/a Cisswood House Hotel
BM Advisory LLP, a firm of insolvency practitioners, have been instructed by the board of directors of Royel Hotels (UK) Limited t/a Cisswood House Hotel (“RHUL”), to assist them in placing RHUL into Creditors’ Voluntary Liquidation (“Liquidation”). RHUL acted as the...
read more
Acropolis Capital acquires the Hummingbird Bakery
Michael Solomons and Andrew Pear of BM Advisory LLP acted as joint administrators. The Hummingbird Bakery (Hummingbird) has announced that it has been acquired by Acropolis Capital, enabling the business to honour thousands of Valentine’s Day orders across London....
read more
For Sale: London Based Cupcake & Cake Business
Sale Type: Businesses for Sale Status: Active Gordon Brothers is acting on behalf of the proposed Administrators from BM Advisory LLP, in respect of an established cupcake and cake business with a number excellent locations across London. Additional to the London...
read more
Reintroduction of Crown Preference from 1 December 2020: The Winners and the Losers
From tomorrow, under the Finance Act 2020, HMRC will regain its status as a preferential creditor for insolvencies that commence on or after 1 December 2020. This means that, in an administration or liquidation, HMRC moves up the rankings of who gets paid out first,...
read more
BM Advisory appointed as Joint Supervisors of Select CVA
Michael Solomons and Andrew Pear of BM Advisory LLP, the specialist restructuring, recovery and insolvency firm, have been appointed as Joint Supervisors of the Company Voluntary Arrangement (CVA) of Genus UK Limited trading as Select Fashion (“the Company”). The...
read more