Business closures surge in Q1 2025: A sector snapshot for company directors and how Insolvency Practitioners can help
The first quarter of 2025 has seen a dramatic surge in business closures across the UK, with 2,718 companies shutting their doors between January and March. This marks the highest first-quarter total since 2021 and reflects the mounting pressures faced by businesses in an increasingly challenging economic environment. The surge follows the implementation of Chancellor […]
Antony Batty and Company Thames Valley welcomes Lucy Garner as its new Senior Manager
We are delighted to announce the arrival of Lucy Garner as our new Senior Manager at the Thames Valley office of Antony Batty and Company. Lucy joins the team at a really exciting time for Antony Batty and Company Thames Valley, now well into its 4th year of trading, and she is looking forward to working with […]
What can agreeing Personal Guarantees mean in insolvency? Personal liability is the legacy from insolvency
Directors must always be wary of Personal Guarantees when borrowing money, especially when ‘alternative lenders’ are involved. One of the first questions we ask directors of insolvent companies is whether they have any Personal Guarantees (PG) on outstanding loans. The answer is often no, and yet, we quickly discover that many of them do. In […]
Record number of company closures and 5,000 more tax inspectors
More businesses under financial pressure, whilst Government announces 5,000 additional tax inspectors focusing on SMEs and reducing the tax gap After years of difficult trading for many businesses, two key statistics show that the outlook for many is worsening as we head into 2025. Plus, with the news that the Government is recruiting an extra […]
Company insolvency and directors – things you wanted to know but were afraid of asking*
What are the key responsibilities of directors? What do they need to look out for when insolvency looms? Nitin Joshi, one of our partners, has worked in insolvency for over 40 years and in that time, he has seen pretty much everything you can in the world of insolvency. In this article he answers the […]
Hopes of an interest rate cut before the end of the summer?
Hopes of an interest rate cut before the end of the summer?
High interest rates will leave a debt hangover of £41.7 billion amongst British businesses by the end of the decade. Talk to our Insolvency Practitioners if struggling financially.
Personal Guarantees, Insolvency and Personal Liability
Personal Guarantees, Insolvency and Personal Liability
When insolvency strikes, Personal Guarantees can lead to Personal Liability for the director. Our Insolvency Practitioners can help.
Over 6,000 Licensed Premises closed in the UK during 2023, and the trend is continuing into 2024.
Over 6,000 Licensed Premises closed in the UK during 2023, and the trend is continuing into 2024.
UK Hospitality is calling for 3 Key actions to support the hospitality industry. But how can Insolvency Practitioners help already struggling businesses?
What can Directors do if they receive a Winding Up Petition?
What can Directors do if they receive a Winding Up Petition?
In this article, we look at the processes involved in a Winding Up Petition being served and what happens when one is. The key thing is to take professional advice and then take swift action.
Local builders using Personal Guarantee Insurance to insure against business failure hits new high.
Local builders using Personal Guarantee Insurance to insure against business failure hits new high.
What happens to Personal Guarantees when a business becomes insolvent? How can Insolvency Practitioners help?
