Author: Chris Alexander First Quench Retailing Limited, owner of Threshers, Haddows, the Local and Wine Rack brands has gone into administration. With around 1,300 outlets nationwide there will be many nervous landlords concerned about what administration means for them and their rental income. Tenant insolvency is an increasing phenomenon as the difficult economic conditions persist. The recession is impacting upon businesses of all sectors occupying every type of commercial premises. Alongside employment costs, rent is a large item of a businesses expenditure and can be one of the first expenses a struggling tenant will default on. Once a tenant enters into a formal insolvency procedure, whether it be administration an IVA/CVA, receivership, or liquidation a landlord is likely to loose out financially to some extent along with the other creditors (unless they can rely on a personal guarantees or other similar security). Formal tenant insolvency can also complicate attempts to urgently recover possession of a property from a defaulting tenant, thereby frustrating attempts to re-let the property and preserve the rental income. It is prudent for landlords to maintain a close relationship with their tenants and not to allow significant arrears to accumulate. This is because once an insolvency procedure has been initiated, in many cases, there will be a moratorium on enforcement action which will prevent a landlord from taking any form of enforcement action against the tenant (generally without permission of either the Court or an insolvency practitioner). Such delays can prove even more expensive for landlords who are already facing significant rent arrears. We would always encourage landlord’s to take advice at an early stage before their options begin to narrow.
The rest is here:
With First Quench Retailing in administration what can Landlords do to protect themselves from insolvent tenants
Prison Population Projections
The Ministry of Justice has published a prison population projection up to June 2015:
- This bulletin presents projections of the prison population in England and Wales from September 2008 to June 2015. The projections are based on assumptions about future criminal justice trends (e.g. sentencing) and incorporate the anticipated impacts of policy and process initiatives that have agreed implementation timetables.
- Three scenarios (High, Medium and Low) have been projected based on assumptions about future sentencing trends. The Medium scenario assumes no increases or decreases in custody rates or determinate sentence lengths. The High/Low scenarios reflect a 1% per annum increase/decrease in custody rates and a 0.5% per annum increase/decrease in the average (determinate) custodial sentence lengths. Other impacts included in the projections, such as those of legislation and processes, are applied equally to all scenarios.
- Projected prison populations for the three scenarios are given in Table 1. By the end of June 2015 the demand for prison spaces is projected to increase to between 83,400 and 95,800.
- The assumptions informing the projection, and therefore the projections themselves, are subject to considerable uncertainty. This is represented by the three scenarios, with each scenario being only as likely as the assumptions that inform it. While these assumptions are based on extensive consultation, and emerging data on them are being monitored, the department does not know yet which one is most likely to occur in future. They do not include impacts for any future measures for which implementation timetables are not yet known, or measures for which the effect cannot be projected with reasonable confidence.
Courtesy: criminalsolicitor.net/newsletter.asp
Andy Bolton
Solicitors in the UK | Compensation Solicitors
Prison Population Projections
The Ministry of Justice has published a prison population projection up to June 2015:
- This bulletin presents projections of the prison population in England and Wales from September 2008 to June 2015. The projections are based on assumptions about future criminal justice trends (e.g. sentencing) and incorporate the anticipated impacts of policy and process initiatives that have agreed implementation timetables.
- Three scenarios (High, Medium and Low) have been projected based on assumptions about future sentencing trends. The Medium scenario assumes no increases or decreases in custody rates or determinate sentence lengths. The High/Low scenarios reflect a 1% per annum increase/decrease in custody rates and a 0.5% per annum increase/decrease in the average (determinate) custodial sentence lengths. Other impacts included in the projections, such as those of legislation and processes, are applied equally to all scenarios.
- Projected prison populations for the three scenarios are given in Table 1. By the end of June 2015 the demand for prison spaces is projected to increase to between 83,400 and 95,800.
- The assumptions informing the projection, and therefore the projections themselves, are subject to considerable uncertainty. This is represented by the three scenarios, with each scenario being only as likely as the assumptions that inform it. While these assumptions are based on extensive consultation, and emerging data on them are being monitored, the department does not know yet which one is most likely to occur in future. They do not include impacts for any future measures for which implementation timetables are not yet known, or measures for which the effect cannot be projected with reasonable confidence.
Courtesy: criminalsolicitor.net/newsletter.asp
Andy Bolton
Solicitors in the UK | Compensation Solicitors
Prison Population Projections
The Ministry of Justice has published a prison population projection up to June 2015:
* This bulletin presents projections of the prison population in England and Wales from September 2008 to June 2015. The projections are based on assumptions about future criminal justice trends (e.g. sentencing) and incorporate the anticipated impacts of policy and process initiatives that have agreed implementation timetables.
* Three scenarios (High, Medium and Low) have been projected based on assumptions about future sentencing trends. The Medium scenario assumes no increases or decreases in custody rates or determinate sentence lengths. The High/Low scenarios reflect a 1% per annum increase/decrease in custody rates and a 0.5% per annum increase/decrease in the average (determinate) custodial sentence lengths. Other impacts included in the projections, such as those of legislation and processes, are applied equally to all scenarios.
* Projected prison populations for the three scenarios are given in Table 1. By the end of June 2015 the demand for prison spaces is projected to increase to between 83,400 and 95,800.
* The assumptions informing the projection, and therefore the projections themselves, are subject to considerable uncertainty. This is represented by the three scenarios, with each scenario being only as likely as the assumptions that inform it. While these assumptions are based on extensive consultation, and emerging data on them are being monitored, the department does not know yet which one is most likely to occur in future. They do not include impacts for any future measures for which implementation timetables are not yet known, or measures for which the effect cannot be projected with reasonable confidence.
Courtesy: criminalsolicitor.net/newsletter.asp
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Andy Bolton
Solicitors in the UK | Compensation Solicitors
By Luke McLeod-Roberts
The family team at Birmingham-based Martineau has established a Saturday-morning practice so that rich potential divorcés can get a more discreet service.
The firm is offering the weekend surgery to target high net-worth individuals who are too busy to see a lawyer during the week.
“We had people saying they weren’t going to be in the country until the weekend,” said head of private capital Mary Kaye. “If you think of any other service, whether it be the bank or the doctor, [they are available on a Saturday]. Family lawyers can’t say, ‘I’m available nine to five or on my BlackBerry’, if they want to work with high net-worth individuals.”
Courtesy: thelawyer.com/martineau-opens-on-saturdays-for-convenient-covert-divorces/1002169.article
Divorce UK | Claiming Compensation UK
Andy Bolton
