The late payment scandal
In August 2024, receivables software experts, Upflow published research suggesting that well over half (57%) of outstanding B2B invoices are overdue and […]
Proactive Measures for Directors to Safeguard Their Position in the Event of Insolvency
As a director, anticipating and preparing for financial instability is crucial to protecting both personal and corporate interests. Even without immediate signs […]
Misfeasance Trading – are directors now at greater risk?
The collapse of the iconic store chain, BHS in April 2016 was the largest UK retail failure since the implosion of Woolworths […]
Directors – when is a Member’s Voluntary Liquidation suitable for you?
Directors – when is a Member’s Voluntary Liquidation suitable for you? Chancellor Rachel Reeves said recently she will have to make “difficult […]
What is the benefit of a phoenix company?
A Phoenix company can prove a helpful way to start a business afresh after the original company entity has ceased trading. While […]
Overcoming the risks of business growth
Investment bank JP Morgan’s CEO, Jamie Dimon, once warned that companies that grow for the sake of growth or expand into areas […]
When should I be speaking to an Insolvency Practitioner?
Facing challenges as early as possible A business’s move towards financial distress can occur quickly or advance more slowly. It may be […]
Why taking business advice from an Insolvency Practitioner is a great option
Your business is facing some challenges, though nothing serious. Your growth strategy has run into the sand, going nowhere fast except burning […]
What do we mean by “insolvency”?
Insolvency is a term that has been bandied around a lot in the media recently as high-profile insolvency cases, such as The […]
What is Wrongful Trading and how can I avoid it?
A common concern for Directors approaching insolvency is whether they may be held personally liable for company debts under the Wrongful Trading […]
The personal risks from business debt
The long-held belief that a limited liability company will remove all business liabilities from its owners and directors is, in today’s world, […]
Are business rescues on the rise in 2024?
Last year saw a record number of business failures, eclipsing the previous high at the peak of the global financial crisis in […]