The insolvency statistics released for March 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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Two directors of a medical equipment supplier have been banned from acting as company directors after an investigation revealed investors were misled through a fabricated NHS contract worth £9.8 million. Tanveer Khan has been disqualified for 13...
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The insolvency statistics released for February show that of the 1,878 registered company insolvencies: There were 249 compulsory liquidations 1,473 creditors’ voluntary liquidations (CVLs) 146 administrations 10 company voluntary...
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When a business reaches the point where it can no longer meet its financial obligations, directors are often faced with difficult decisions about how to bring trading to an orderly end. One of the most common routes for insolvent companies in the UK...
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