BBC Radio Orkney

The Business

Factual: Money

Graham Stewart with the stories and issues making the news in business.

Graham Stewart with the stories and issues making the news in business from Scotland, the UK and around the world.

The Business: 24/01/2010

24/01/2010

BBC Radio Scotland - The Business, 24/01/2010

Graham Stewart asks whether pre-pack insolvency is a lifeline or a loophole.

Graham Stewart asks whether pre-pack insolvency is a lifeline or a loophole; and Gillian Sharpe reports on how the recession is affecting corporate entertainment.

Graham Stewart looks at 'pre-pack' insolvency and asks whether it's a lifeline or a loophole for bankrupt businesses.

In a week that figures showed a 41 per cent increase in the number of Scottish businesses in distress, could 'pre-packs' be a way of avoiding going bust altogether and protecting some jobs in the process? Blair Nimmo, head of restructuring at KPMG, explains the process and the advantages pre-packs offer to companies in trouble.

We hear from Nick Starling at the Association of British Insurers who's calling for greater transparency surrounding a process which often leaves unsecured creditors with unpaid debts.

There are, of course, other options; Gavin Smith tells the story of how he bought Munro Cleaners, a company that fell into trouble at the end of 2008.

And Gillian Sharpe reports on changing attitudes to corporate entertainment during a recession.

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24/01/2010

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