Businesses across the UK face rising costs, supply chain disruptions, and fluctuating consumer demand. These are just a few factors that can lead to financial strain. For some businesses, these challenges may become too much, resulting in insolvency. Recognising the warning signs early can help you to be proactive in protecting your business. In this [...]
When a company finds itself in financial trouble it can’t resolve, liquidation is often the best way forward. In basic terms, liquidation is a formal process that involves closing down the business and selling off its assets to pay as much of its debts as possible. Though it’s a tough decision, liquidation provides a clear [...]
Liquidation is a term that often evokes concern and anxiety among business owners. While it may seem like the end of the road, it’s essential to understand that recovery is possible. Many businesses have navigated through the difficulties that liquidation brings and emerged stronger on the other side. This blog explores how your business can [...]
Currently, businesses are up against all sorts of challenges that can threaten their financial health. From rising costs and changing consumer habits to increased competition, many companies are struggling to stay afloat. When a business finds itself teetering on the brink of insolvency, swift and strategic action becomes essential to avoid a downward spiral. One [...]
In recent years, the UK property market has faced significant fluctuations, with estate agents feeling the brunt of these changes. The increase in estate agent insolvencies is a clear sign the industry is struggling. While economic downturns and market corrections have always been part of the property sector, the current situation presents unique difficulties that [...]
For over a century, Tata Steel has been a key part of UK industry, shaping the economy and providing employment to thousands. Its decision to stop operations in the UK came as a big blow to the steel industry, marking the end of an era. While the global steel market has been struggling for some [...]
As businesses face financial difficulties, company directors must manage their companies with diligence and care. One of the most serious risks they encounter during insolvency is the possibility of a wrongful trading claim. Wrongful trading occurs when directors continue to trade, knowing there’s no reasonable prospect of avoiding insolvency. The implications of such claims can [...]
The UK Corporate Insolvency and Governance Act 2020 is one of the most significant pieces of legislation affecting corporate insolvency in the UK. Designed to provide businesses with greater flexibility and support during financial distress, this Act introduces several important reforms aimed at both helping struggling companies and making sure creditors receive fair treatment. In [...]
Insolvency in the UK is evolving rapidly, influenced by economic shifts, regulatory changes and emerging business trends. As we look towards the future, understanding the trajectory of insolvency practices and their potential impact on businesses is important for stakeholders at all levels. With increasing complexities and uncertainties, staying ahead of these changes becomes key. This [...]
The construction sector has long been regarded as a barometer of the overall health of the economy. Fluctuations in this industry often mirror broader economic trends, making it an important area for analysis. Recently, we’ve seen a concerning rise in insolvencies in the construction sector, reflecting the unique challenges within the industry and broader economic [...]
