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?
What is a ‘Restructuring Plan’ and when can it be used?

What is a ‘Restructuring Plan’ and when can it be used?
The Restructuring Plan is one of the most significant changes to insolvency law & practice in recent years. Our Insolvency Practitioners explain.
Guide to CVAs
Guide to Company Voluntary Arrangements Company Voluntary Arrangements (“CVAs”) are a very effective insolvency procedure / rescue tool for financially troubled companies. Surprisingly, however, this procedure which was introduced in the Insolvency Act 1986 is still used relatively infrequently (although in recent years a number of high street retailers have utilised them) and in all cases should […]
HMRC Winding Up Petitions on the increase

HMRC Winding Up Petitions on the increase
More severe enforcement by HMRC as the average amount due to HMRC in UK insolvencies doubles.