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 ]

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 ]

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 ]

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 ]

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 ]

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 ]

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 ]

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 ]

Uncertainty regarding the possibility of the UK leaving the EU, and worries regarding the introduction of auto-enrolment pension, are the joint top business concerns for UK companies according to research published by R3, the insolvency trade body. When asked about topics which were of concern to [ Read More ]

Insolvency trade body R3 has made a series of proposals for introducing a new raft of provisions which would create better opportunities for companies to be turned around, with the aim of rescuing more businesses. The body has called for the introduction of a new ‘business rescue moratorium’ [ Read More ]