In today's volatile economy, businesses often face financial difficulties that threaten their viability, requiring a keen understanding of the contributing factors. Stakeholders, including creditors, shareholders, and directors, must thoroughly assess the viability of a company in financial distress to make informed decisions about its future. In this blog post, we will delve into the key [...]
The retail sector has long been the beating heart of the UK economy, but in recent years, it has faced unprecedented challenges. The seismic shifts in consumer behaviour have left many traditional retailers struggling to adapt to the new normal. High streets once bustling with activity now bear the scars of empty shops, a stark [...]
In certain industries, some small businesses can be particularly susceptible to the impact of capital deprivation. This term refers to challenges enterprises face when they lack sufficient financial resources or access to funding. In a market where liquidity is important, the inability to secure capital can halt growth, hinder operational efficiency, and, in severe cases, [...]
When it comes to running a business, the role of administrative professionals is often underestimated. These individuals are the backbone of organisations, ensuring operations run smoothly and contributing significantly to their success. They manage daily tasks, coordinate between departments, and handle critical information. This blog post aims to shed light on the critical role of [...]
In an increasingly interconnected global economy, the concept of 'Cross-Border Insolvency' is becoming more important than ever, especially within the UK's legal and financial sectors. This blog post explores the meeting of cross-border insolvency and technology, focusing on the emerging trends and challenges of professionals in this field. The Evolving Landscape of Cross-Border Insolvency Cross-border [...]
Navigating through financial turbulence often leads individuals to seek strategic ways to manage their debts. An Individual Voluntary Arrangement (IVA) is a viable alternative for many within the UK, offering a structured path to address insolvency issues while maintaining a degree of financial stability. So, our expertise as licensed insolvency practitioners means we’re here to [...]
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 [...]
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 [...]
In December 2022, the UK government announced a package of reforms to financial services regulations in the UK. The Financial Services reforms have been made, pending legislation that will come into effect later in 2023. So far, people have just been guaranteed that more consultation on specific areas is to follow. The announcement came after [...]
Many people across the UK file for personal insolvency every year. People generally have different reasons why they need to file for bankruptcy, but if this is something you are considering, you will no doubt require further information. This article will discuss how to assess whether you should file for personal insolvency and the repercussions [...]
