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 [...]
Running a company is no easy feat, and in today’s volatile economic climate, many businesses are struggling to stay afloat. Whether due to increasing debt, falling profits, or operational inefficiencies, numerous challenges could push a business toward insolvency. However, there’s hope. If you’re looking for ways to save your company, there are several practical strategies [...]
Liquidation marks the end of a company’s financial journey but can be far from simple. Some industries face greater challenges due to their operations, regulatory environments, and multiple stakeholders. Understanding these issues helps business owners, directors, and stakeholders better prepare for and manage the process. This blog explores industries that commonly encounter complex liquidation procedures [...]
In recent years, UK businesses have faced an increasing strain from rising taxes and regulatory burdens. The UK business tax raid has triggered significant concerns within the private sector as businesses, particularly small and medium-sized enterprises (SMEs), struggle to cope with the mounting costs. The government's approach to taxation, designed to aid recovery from economic [...]
Rising interest rates have influenced the UK’s economic environment over the past year as policymakers worked to control inflation. However, following the latest budget announcement, the pace of future interest rate cuts is expected to slow down. While many hope for a reduction in rates, the pace of these cuts is likely to be slower [...]
The economic landscape in the UK has been shaped by significant challenges. From fluctuating energy prices to rising interest rates and the persistent aftermath of a global pandemic, businesses and individuals have faced mounting pressures. These dynamics have inevitably influenced the insolvency sector, prompting innovation, adaptation, and what we now call the insolvency evolution in [...]
Insolvency can be a challenging and complex issue for businesses to manage. If you're a business owner or involved in financial management, it's essential to understand the different types of insolvency that may arise. Two key terms are Cash Flow Insolvency and Balance Sheet Insolvency. Though they may sound similar, they represent particular financial conditions [...]
Insolvency is an unfortunate reality for many businesses, but the consequences can go far beyond the company itself. Directors of insolvent companies may find themselves facing both professional and personal consequences. Among the most significant risks are director disqualification and personal liability in insolvency cases. Understanding the implications of these legal actions is essential for [...]
