Family Business Insolvency: when relationships and risk collide
Family businesses are a cornerstone of the UK economy. They outnumber all other private sector firms, employ millions, and contribute significantly to national output. But when a family-run company faces financial difficulty, the challenges go far beyond the balance sheet, with impacts on relationships, succession plans, and even personal assets. In this article, we look […]
Pub insolvencies rising at fastest rate since Covid Pandemic
Only 50% of pubs are operating at a profit
Licensed Insolvency Practitioner Antony Batty reports on how a restructuring procedure could protect pubs against closure.
Struggling businesses should think twice about taking out loans for survival, especially where Personal Guarantees (“PG’s”) are involved
The increasing challenge of securing business finance – and the potential risks of using Alternative Lenders The ability for small businesses to secure finance has become significantly more challenging in recent years. According to a recent analysis by Funding Xchange, businesses seeking loans are now carrying more than double the debt-to-turnover ratio compared to pre-pandemic […]
Antony Batty & Company Employee Focus: Tom O’Keeffe
Insolvency Specialist Tom is based at our Central London Office and specialises in Creditors Voluntary Liquidations and Administrations. This month we are shining the spotlight on one of our colleagues, Tom O’Keeffe, an insolvency specialist who is based at our Central London office. Tom works closely alongside our Licensed Insolvency Practitioners and specialises in Creditors Voluntary Liquidations. […]
Joiner receives 15 month suspended jail sentence for Covid Bounce Back Loan fraud despite repaying the Loan in full
The Government’s tough stance on Covid Bounce Back Loan (BBL)* fraud continues In a recent case, a former joiner from Romford has been sentenced for Covid Bounce Back Loan fraud (BBL)*, demonstrating the seriousness with which the Insolvency Service addresses such misconduct. Details of this Case Charles Ling, aged 57, of Havering-atte-Bower, Essex, who operated […]
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 […]
5 years on from the first Covid Lockdown – What happens if a Company is struggling now to repay its Bounce Back Loan (BBL)?
On March 23rd 2020, the first Covid lockdown in the UK was announced by the Government, and soon after a host of Government support schemes were introduced, including the Bounce Back Loan scheme. Many companies are still paying off BBLs, whilst others have been liquidated with an outstanding BBL balance. In addition, many directors who […]
Are there alternatives to liquidating a limited company without using an Insolvency Practitioner?
“I can’t afford to liquidate my company. What are the alternatives to liquidation?” This ia question we are often asked. When directors are facing the stressful task of closing their limited company, the cost of appointing a Licensed Insolvency Practitioner (IP) to run a formal procedure, such as a Creditors’ Voluntary Liquidation (CVL), can seem […]
Section 216 – Did you know The Reuse of a Company Name After Liquidation is Prohibited?
Section 216 – Did you know The Reuse of a Company Name After Liquidation is Prohibited
A reminder of the rules from our Insolvency Practitioners
Directors, if you do the same things again, you risk getting the same result – another liquidation!
“What am I going to do for work if I have to liquidate my company?”* I meet many directors every year, especially those of small companies, where we have acted as liquidators, who then tell me they want to set up a new business and start again. They say they don’t know anything different, want […]
