08 October 2020
There is a call to action to the government to give further consideration to a special administration regime for the insolvency of higher education institutions along the same lines as already exists for further education and social housing.
Lindsey is a partner at RSM.
31 July 2020
As the Coronavirus Job Retention Scheme comes to end and short-term funding boosts run out, we are starting to see the inevitable - restructuring by companies as they look to downsize and align themselves to a post-Covid market.
21 July 2020
The Corporate Insolvency and Governance Act 2020, which came into force of 26 June 2020, contains a ban on the operation of termination clauses in supply contracts for the supply of goods and services because the company receiving the supplies has entered an insolvency procedure (known as Ipso Facto clauses). It also prevents supplier companies from doing “any other thing” in respect of that supply contract, including varying the terms of the contract, increasing prices or seeking to enforce a guarantee.
09 July 2020
The recent report from the Institute for Fiscal Studies paints a fairly gloomy picture for Higher Education and identifies that up to thirteen establishments may be at risk of insolvency.
01 July 2020
The Corporate Insolvency and Governance Act 2020 (CIGA 2020) sped through drafting and parliament in a matter of weeks, but how effective will it be at saving businesses throughout the coronavirus crisis?
22 May 2020
The Corporate Governance and Insolvency Bill amends the current UK insolvency and company laws to help businesses deal with the impact of coronavirus. But what are the measures and how will they affect businesses?
04 May 2020
Today the Government announced a range of measures to protect the higher education sector which will be seen as a positive step for most university providers.
Lindsey Cooper and Chris Ratten of RSM Restructuring Advisory LLP were appointed Joint Administrators to St Helens-based soft furnishings manufacturer Ena Shaw on 11 February 2020.
26 November 2019
This week's university strikes have once again put the spotlight on the financial pressures facing the UK's higher education sector. The latest report from the Office for Students (OfS) has revealed that 71 higher education institutions are now subject to enhanced monitoring requirements amid concerns around their financial viability and sustainability.