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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The landscape for business owners looking to close their solvent companies is about to shift significantly. Following the Autumn Budget announcement by Rachel Reeves in October 2024, substantial tax increases are on the horizon that could impact...
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The insolvency statistics released for November show that of the 1,838 registered company insolvencies: There were 273 compulsory liquidations 1,421 creditors’ voluntary liquidations (CVLs) 127 administrations 17 company voluntary...
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In a significant development for UK business regulation, Neville Taylor, a director of more than 400 companies, has received a nine-year disqualification following his involvement in a scheme designed to undermine the insolvency system. The...
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In today's challenging economic climate, proactive financial management isn't just good practice – it's essential for business survival. While our team typically works with businesses facing financial difficulties, we've observed that the most...
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The insolvency statistics released for November show that of the 1,966 registered company insolvencies: There were 254 compulsory liquidations 1,565 creditors’ voluntary liquidations (CVLs) 132 administrations 14 company voluntary...
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Nazia Khan, a 50-year-old sales consultant with claimed decades of experience, has recently received a nine-year directorship ban for fraudulently obtaining COVID-19 support funding. Khan, now based in Dubai, secured a £25,000 Bounce Back Loan...
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When closing a limited company, directors must choose between strike-off and liquidation. Understanding the key differences between these options is crucial for making an informed decision and avoiding any possible complications. Determining Your...
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