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UK Business News

A summary of the latest UK business news stories.

Luxury Cars: The Perfect Vehicle for Money Launderers

11-12-2019 UK Business News

Luxury Cars: The Perfect Vehicle for Money Launderers

In September this year supercar enthusiasts from around the world gathered at a quiet former monastery in Switzerland for a unique opportunity. Twenty-five supercars, including Ferraris, Maseratis and Lamborghinis were all up for auction – but what made this unusual was that they were all from a single collection.
7,000 London Companies Sink Into Significant Financial Distress in the Last 12 Months

18-11-2019 UK Business News

7,000 London Companies Sink Into Significant Financial Distress in the Last 12 Months

There are 124,000 businesses across Greater London in significant financial distress, with almost all sectors being affected. Red Flag Alert data for Q3 2019 found that significant financial distress is increasingly prevalent throughout the capital, with 21 out of 22 sectors experiencing an increase.
Christie contractor enters into administration

18-03-2019 UK Business News

Christie contractor enters into administration

Interserve, the construction firm appointed to develop The Christie hospital in Manchester, has entered into administration with all the company's assets immediately moving to a new specially formed company.
The Future of the Pub Industry

23-08-2018 UK Business News

The Future of the Pub Industry

With 18 pubs closing every week, what does the future hold for the 50,000 that remain? The environment seems bleak: increased tax on alcohol, a decreasing drinking culture among millennials and economic uncertainty are three headline reasons for pessimism, but is there reason to be hopeful?
UK corporate health deteriorates 9%, leaving 472,000 businesses in financial distress

24-07-2018 UK Business News

UK corporate health deteriorates 9%, leaving 472,000 businesses in financial distress

Data from Red Flag Alert, which monitors the financial health of UK companies, identifies 472,183 businesses were experiencing ‘Significant’ financial distress at the end of June 2018, up 9% compared to the same stage last year (Q2 2017: 434,492) but down 1% compared to the previous three months of the year (Q1 2018: 477,183).
The changing face of the UK high street

15-06-2018 UK Business News

The changing face of the UK high street

With a seemingly never-ending list of household names announcing store closures, it may not come as a huge surprise to learn that we are losing high street businesses at an unprecedented rate. Latest research by Red Flag Alert shows that over 180,000 limited companies operating in the retail sector ceased trading in the years between 2010 and 2017.
William Hill Fined £6.2m Over Anti-Money Laundering Failings

20-02-2018 UK Business News

William Hill Fined £6.2m Over Anti-Money Laundering Failings

The Gambling Commission has issued the betting company William Hill with a package of fines worth £6.2 million in response to breaches of anti-money laundering and social responsibility regulations.
UK Business News Summary - 26th January 2017

26-01-2017 UK Business News

UK Business News Summary - 26th January 2017

A summary of the UK's key business news stories

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