The insolvency statistics released for April show that of the 1992 registered company insolvencies: There were 379 compulsory liquidations 1,544 creditors’ voluntary liquidations (CVLs) 105 administrations 14 company voluntary...
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A GP surgery in Rowley Regis shut its doors in July 2024 under troubling circumstances after its manager failed to pass on pension contributions deducted from staff wages. Sonia Simkins, who operated Hawes Lane Surgery as a sole trader, is now...
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Insolvency is a serious concern for any business, and unfortunately, it often sneaks up gradually, without you realising it. The good news is that there are clear signs you can spot early, enabling you to take proactive steps before the situation...
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The insolvency statistics released for March show that of the 1992 registered company insolvencies: There were 295 compulsory liquidations 1,543 creditors’ voluntary liquidations (CVLs) 137 administrations 17 company voluntary...
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A furniture retail company recently faced serious regulatory consequences after its Directors, George and Williamina Hay, knowingly accepted customer payments for goods they could not deliver. The married Directors of this Aberdeenshire-based...
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The insolvency statistics released for February show that of the 2,035 registered company insolvencies: There were 393 compulsory liquidations 1,520 creditors’ voluntary liquidations (CVLs) 115 administrations 7 company voluntary...
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As many of you will know, the Labour Government’s Autumn Budget announced that the rate of tax on headline Capital Gains Tax and Business Asset Disposal Relief will increase as of 6 April 2025. This will have serious implications for business...
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The insolvency statistics released for January show that of the 1,971 registered company insolvencies: There were 269 compulsory liquidations 1,546 creditors’ voluntary liquidations (CVLs) 142 administrations 14 company voluntary...
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The UK’s business landscape is facing an alarming crisis, with financial distress surging to new highs. According to the latest Red Flag Alert report from Begbies Traynor, the number of businesses in ‘critical’ financial distress jumped...
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A company director from Berkshire has been sentenced to prison after fraudulently obtaining two Covid Bounce Back Loans for his construction firm, despite businesses being eligible for only one. Arti Deda, 31, exaggerated the turnover of his...
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