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 […]
The business decline curve – how delay destroys rescue options
Spotting the warning signs early and taking decisive action when a business is getting into trouble is a principle preached endlessly by […]
Don’t just CVL your business, rescue it with an Administration
The Insolvency Service statistics for different types of insolvency procedure tell a stark story of the relentless move towards Creditors Voluntary Liquidations […]
Beware the working capital tipping point
Zombie companies Traditionalists among risk analysts have long complained about the dangers of loading up a company’s balance sheet with debt and […]
Spotting supply chain issues early and mitigating risk
Signs of Supply Chain Issues Recent economic statistics suggest that the UK may avoid the recession previously forecast by economists and feared […]
Your legal duties if your company is facing insolvency?
Businesses across the board are experiencing a number of operational and financial challenges that are creating considerable pressure for directors and management […]
Personal insolvency series: Using a professional for debt dispute resolution
In our first article in the personal insolvency series, we looked at the prevalence of personal guarantees for business loans and the […]
What is a phoenix company and are they legal?
‘Phoenixing’ is an unwelcome buzz word to many in the business community and, with company insolvencies on the rise, it is not […]
Personal insolvency series: Personal guarantees, a concerning upward trend for UK small business owners
New figures published by Purbeck Personal Guarantee Insurance show a dramatic 123% year on year increase in the use of personal guarantees […]