In business, there are times when a company encounters financial difficulties, potentially leading to insolvency. When this happens, administrators and liquidators play pivotal roles in managing the company’s affairs, particularly concerning commercial contracts. Understanding their responsibilities can be crucial for businesses, creditors, and suppliers. In this blog, we explore the role of administrators and liquidators [...]
The retail sector has always been fast-paced and competitive, with businesses constantly adapting to changing consumer trends and economic conditions. However, the rapid rise and subsequent fall of MaxiDeals, a once-prominent player in the UK discount retail sector, offers valuable lessons for business owners and consumers alike. MaxiDeals, once a household name offering unbeatable prices [...]
Financial distress can put businesses under immense pressure, making it difficult to meet financial obligations. When insolvency strikes, the impact ripples far beyond creditors and shareholders - it affects employees, too. Zero-hour and temporary workers, often seen as less permanent staff, still have legal rights that protect them in these situations. For both workers and [...]
The right board members can make or break a company's success - shaping its resilience, strategy, and future growth. Among the various factors influencing business sustainability, gender composition in directorships has gained considerable attention. Numerous studies show that diverse boards are linked to improved decision-making, risk management, and financial performance, which can ultimately influence insolvency [...]
The UK restructuring and insolvency sector is constantly shifting, presenting businesses with fresh challenges and opportunities. As we look to 2025, several key trends are emerging, shaping the future of insolvency practices and corporate restructuring. Understanding these shifts is essential for both businesses and advisors to avoid potential disruptions. This blog will explore the top [...]
After a remarkable 25 years in the logistics industry, Caledonian Logistics finds itself in a precarious position, facing administration. Once a leader in its sector, the company has encountered significant financial challenges that led to this difficult decision. For businesses and individuals in the UK, this news is a stark reminder of how even the [...]
Stenn, a UK-based fintech once valued at $900 million and backed by major banks and private equity firms, collapsed in a matter of years, raising critical questions about the sustainability of the trade finance model, regulatory oversight, and the risks of high-profile financial ventures. The company’s rapid downfall stemmed from allegations of money laundering, suspicious [...]
If you’ve recently submitted a strike-off application to Companies House to close your company, only to find that it’s been rejected, it can be a confusing and stressful experience. A rejected strike-off application may feel like a setback, but it’s not the end of the road. In this blog, we explore why your strike-off application [...]
In today’s competitive market, maintaining the health and success of a business requires more than just hard work - it requires data-driven decision-making. Key Performance Indicators (KPIs) play a pivotal role in helping businesses monitor their performance, identify risks, and take corrective action before challenges escalate into serious problems. As insolvency experts, we’ve seen first-hand [...]
The business environment in the UK is continuously changing, and one of the most prominent issues that has reemerged in recent months is the use of winding-up petitions. These legal actions, which are often the final step in a company’s liquidation, are making headlines for many reasons. In this blog, we explore why winding-up petitions [...]
