The insolvency statistics released for May show that of the 1,868 registered company insolvencies: There were 285 compulsory liquidations 1,423 creditors’ voluntary liquidations (CVLs) 135 administrations 25 company voluntary...
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When a company is under financial pressure, administration and liquidation are often spoken about as though they are the same thing. They are not. Both are formal insolvency procedures, involve a licensed insolvency practitioner, and may be used...
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The nine-year director disqualification accepted by Lex Greensill is another significant development in the long-running fallout from the collapse of Greensill Group. While the case is high profile, the underlying issue is a familiar one in...
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The insolvency statistics released for April show that of the 2,085 registered company insolvencies: There were 371 compulsory liquidations 1,510 creditors’ voluntary liquidations (CVLs) 183 administrations 20 company voluntary...
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When a business starts facing financial pressure, directors are often forced to make difficult decisions quickly. Cash flow becomes tighter, creditor pressure increases, HMRC arrears begin to build, and the focus naturally shifts to keeping the...
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A North Yorkshire director has been banned from acting as a company director for four years after failing to properly oversee two companies linked to the controversial Atherton corporate rescue scheme. Suzanne Harley-Davies was a director of...
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Written by Tracey Westell FCICM, Company Director of Pecunia Credit management should never be viewed as an afterthought. It is, and should always remain, a priority within every business. At its simplest, it ensures that revenue is converted...
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The insolvency statistics released for March show that of the 2,022 registered company insolvencies: There were 299 compulsory liquidations 1,468 creditors’ voluntary liquidations (CVLs) 235 administrations 20 company voluntary...
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A director operating two fire alarm installation businesses has been disqualified after failing to pay more than £300,000 in VAT and PAYE liabilities, following an investigation by the Insolvency Service. Alex Shorthose ran Siamo Fire and...
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The government is consulting on major changes to the UK’s director disqualification regime. While these proposals are not yet law, they signal a clear shift in approach. The focus is moving toward earlier scrutiny, faster enforcement and a broader...
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