Sova Capital, a London-based securities broker specialising in Russian investments, enter into a special administration process. #RussiaSanctions #investments

Macquarie to buy £4.2bn controlling stake in the UK's National Grid’s gas network. The Australian group has promised significant investment to upgrade it for a green economy.

The joint administrators at Quantuma have confirmed that Chris Kirchner has been confirmed as the preferred bidder to buy Derby County out of administration. #football #insolvency #sport #restructuring

TM Lewin lender PETRA to rescue brand from administration. PETRA’s interest in the retailer comes less than a month since it fell into administration for the second time in less than two years. #retail #HighStreet

Latest UK insolvency figures show a greater number of businesses are filing for voluntary liquidation amid current trading conditions. bloombergquint.com/markets/rising… #insolvency #CostOfLivingCrisis #inflation

Is the Bank of England forecasting a recession for the UK? Q4 2022 forecasts showing inflation at +10% with GDP growth down by 1%. Raising the base rate by 0.25% today is unlikely to have a major effect in the context of rising oil and gas prices. #CostOfLivingCrisis

The Caribbean isn't just for holidaying. Many insolvency professionals have relocated to Cayman, BVI and Bermuda over the years as a means to develop their careers in a setting like no other. We have written an overview about what to expect on island: lnkd.in/eenmJsdZ

Frasers Group has bought Missguided out of administration, and says it will operate as a standalone business within the group. #missguided #Retail

Shoppers are spending less than they were a year ago, as the rising cost of living squeezes incomes, according to the body representing retailers. #Retail bbc.in/3axsPBI

Co-working office firm Second Home launches sale process as it calls for bids from potential suitors. The company is currently loss-making despite over 50% of its locations turning a profit. #hybridwork #workingfromhome #restructuring

Our brand new referral scheme is now live. Know someone in your network who might be seeking a new role? Well if you do, you could help raise money for your chosen charity by sending them our way. gambitsearch.co.uk/good-deed/ #charity #jobsearch #careers

The cost of living crisis has forced the government to issue new guidance to IPs on existing individual voluntary arrangements. Reduced payments to creditors and early settlement options seems sensible but does it place too much pressure on practitioners to make the right call?

More than 16,000 businesses which took out a government-backed Covid loan have gone bust without paying the money back. #loans #fraud #bouncebackloans

We are hiring - keen to speak to those seeking their first job in recruitment. Drop us a message if you are keen to learn more. #recruitment #hiring #London

UK events start-up Pollen has fallen into administration, 3 months after raising US$150m in new funding Kroll to advise parent company Streetteam Software Ltd on how best to restructure the business The impact of covid restrictions in 2020 & 2021 on events hit the group hard

UK retail sector M&A deals increase 21% on last year. Private equity interest in high end fashion brands remains strong while investors and special situation funds set to continue acquiring distressed retailers. #privateequity #Retail #fashionstyle

Mike Ashley’s Frasers Group tables bid for Savile Row tailors Gieves & Hawkes. If successful, Ashley's Fraser Group will be adding the high-end tailor to their portfolio of other recent fashion retailer acquisitions which includes Jack Wills and Missguided.

Toys R Us are back! After the store's collapse in 2018, Toys R Us have launched a new website.

WRFC Players Ltd - the company which holds the contracts of Worcester Warriors' players and some staff - has been liquidated in the High Court this morning.

Delighted to have Sarah Browne and Abigail Cook join our team at Gambit. Welcome!