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The owners of the business that runs the Black Dog in Oswaldtwistle said liquidation was “necessary” to protect creditors and the business.

The owners of the business that runs the Black Dog in Oswaldtwistle said liquidation was “necessary” to protect creditors and the business.

ANOTHER couple have told of their despair over losing thousands of pounds when a Herefordshire wedding venue firm folded.

Bank of England Governor Andrew Bailey has sounded the alarm over towering levels of corporate borrowing and warned that highly indebted companies may struggle to survive the year. As the central bank published its latest financial stability report, he said businesses loaded with debt are 'much less resilient'. The warning came amid a wave of takeovers of British companies by private equity firms well known for piling extra debt – or leverage – on to firms to reduce tax bills and increase profits. Bank of England governor Andrew Bailey (pictured) cautioned that businesses loaded with debt...

Britain's biggest care home operator has hiked fees for residents in the pandemic while funnelling cash to its super-rich owners, experts have claimed. Private equity-owned HC-One has been accused of using loans and a complex web of offshore structures to ‘extract cash’ and reduce its tax bill. Newly published accounts reveal the company, which has 8,000 residents in 170 care homes, increased fees to residents and councils by an inflation-busting 3.6 per cent. Raising fees: HC-One, founded by Labour donor Chai Patel (pictured) has been accused of using loans and a complex web of offshore ...