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22nd November 2017
The Government’s Insolvency Service have published new figures that show a big increase in the number of companies going bust in recent months. In the third quarter of the year ending September 2017, there were 4,152 company insolvencies in England and Wales. There was an increase of 15% in the [ Read More ]
27th September 2017
We often get asked, what are the most common business problems that we are asked to solve? Every situation is different however there are some common themes that we come across time and time again. Here we outline some of the most common reasons for company financial problems. If you are struggling [ Read More ]
28th April 2017
The latest statistics published by the Government’s Insolvency Service have shown that the number of companies going into liquidation has increased in the first three months of 2017. In the period January to March there were 3,529 company liquidations, an increase of 5.3% on the previous quarter a [ Read More ]
31st March 2017
A very common reason for business owners to contact us is that they have been threatened with winding up by HM Revenue and Customs (HMRC). This is bound to cause sleepless nights about what to do next. The good news is – we can help. HMRC regularly use the threat of a winding up petition to pus [ Read More ]
27th February 2017
New research has revealed the extent of anxiety across the UK in relation to money matters, with 41% of British adults saying they are worried about their current level of debt. The proportion of people who are concerned about their debts rises even more in the 18 to 44 age group, with 54% of [ Read More ]
31st January 2017
The latest official statistics on personal insolvency rates in England and Wales have revealed that the number of people using a formal insolvency procedure increased by 13% in 2016 compared with the previous year. On the face of it, this doesn’t seem like very good news. Quite the opposite, in fa [ Read More ]
3rd January 2017
The New Year is a time for celebration, reflection on last year and new resolutions and new opportunities for the year ahead. But for many business owners, a VAT bill due for payment in January or February can be an unwelcome way to bring in the new year. [caption id="attachment_3841" align="alig [ Read More ]
1st November 2016
LATEST government statistics have revealed that the number of companies going bust and people becoming insolvent in England and Wales is once again on the increase. From what I can see, the figures are a reflection of continuing economic uncertainty in the wake of the Brexit vote. A total of 3 [ Read More ]
7th October 2016
In my role as an insolvency practitioner, it is a sad fact of life that I am often approached by company directors who have decided to close their companies and put them into liquidation as they have exhausted their options for continuing the business. It is a difficult decision to make but I am oft [ Read More ]
28th July 2016
Despite more favourable economic conditions, the latest statistics from the Government’s Insolvency Service have shown that the number of people who become formally insolvent between April and June 2016 has increased by 6.9% on the previous quarter and has risen by 22.4% on the same quarter in 201 [ Read More ]