It has been a difficult few years for many organisations thanks to the pandemic, the rise in the cost of energy and general economic uncertainty. This has resulted in many businesses going into liquidation and closing for good. One of the businesses that have currently fallen victim to this economic turmoil is Forever Unique, which [...]
When a business finds itself in hard times, a lot of people seem to think that the only option is to close down and call it a day. Whilst liquidation is very much an option, it doesn’t need to be the only option. There are a number of different ways that a business can handle [...]
It’s an interesting period in company law at the moment as Marks & Spencer has recently teamed up with the Quoted Companies Alliance (QCA), the UK Individual Shareholders Society and also the UK Shareholders Association (UKSA) to amend the Companies Act 2006 which they claim to be “outdated.” They plan to try and strengthen the [...]
When businesses fall on hard times, there are many different ways that they might try and get themselves back into a viable position. One of the common methods used is restructuring. Restructuring plans need to be granted before a business can officially undergo the process, as has happened recently for the German company Adler. On [...]
It’s a difficult time for a number of different retailers and brands at the minute as Joules has recently found out. This crisis-hit retailer finds itself in a period of financial turmoil and, is currently on the lookout for different insolvency procedures that they might be able to rely on in order to cut back [...]
When you dissolve a company, this is a formal process to close an organisation down in the UK. You can only dissolve a company if there are no outstanding debts. You shouldn’t try to dissolve your organisation if there are debts; you must liquidate it instead. If you do apply to dissolve your company and [...]
There are a number of elements that go towards making a successful business. These include the likes of a strong work ethic, good employees and of course, capital. When a business is raising capital for its needs, they usually have two types of financing: equity and debt. The majority of companies will use a combination [...]
When a company finds itself in financial distress, it will likely consider enlisting the help of an insolvency practitioner. These can help organisations manage their current situation and provide a realistic route to get out of it. As a business owner, it is important that you fully understand what an Insolvency Practitioner can offer your [...]
Running a business can be tricky, and a lot of the time, organisations can find themselves in times of financial hardship. Similarly, there are a lot of organisations who decide to simply call it a day. One of the most popular methods that can be used when an organisation would like to stop trading is [...]
In recent weeks, the multi-billion-dollar company Silicon Valley bank abruptly collapsed. Since then, this sudden collapse has continued to reverberate across the current economy as stocks are taking a hit, hidden stresses are revealed, and a political blame game gets underway. Why did this happen? Why did a tech lender worth $ 212 billion suddenly [...]
