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 […]
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 […]
What is a Company Liquidation?
What is liquidation? Liquidation is the process of closing down a limited company by selling its assets and dissolving it so that […]
What is an IP and what are their duties?
If your company is experiencing financial challenges or distress, you will likely seek a professional’s assistance for you and your business. An […]
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 […]
Late payments: how this phenomenon is affecting UK businesses
Government efforts to curb late payments This year marks the twenty fifth anniversary of the Late Payments & Commercial Debt (Interest) Act, […]
Directors: When is your company considered to be insolvent?
Directors: When is your company considered to be insolvent? Corporate insolvencies are on the rise across all sectors throughout the UK. But […]
Identifying the early signs of insolvency
With UK insolvencies on the rise, many businesses are struggling to navigate the challenges of the current economic climate. High inflation has […]
As hospitality insolvencies soar, business owners need to take advice early
Figures from the Insolvency Service confirmed that hospitality sector insolvencies jumped by 46% in August, in a grim reminder of the many […]
Taking decisive action to save your business
As the turbulent economy has taken its toll on UK businesses, owner managers have found themselves facing evermore challenging decisions. On the […]
Don’t delay if your business is in distress
As the year progresses, it appears that 2023 will be the worst year for business failures since 2009, the height of the […]