Over recent years we have seen many great British Brands disappear from the high street and, following this worrying trend, two more have been added to the list with Toys R Us and Maplins recently announcing closures. Shopping habits have...
Read more...The most recent Insolvency statistics have been distributed by the Insolvency Service for the last quarter of 2017. They demonstrate that there was an increase in Company Insolvencies because of a bulk insolvency event, but the underlying number...
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A film producer from Brighton has been banned from being a company director after he scammed investors out of more than £5 million. Michael Cowan (full name Michael Lionello Boscardi di Pallavicini di Zoppini Cowan), 53, told investors that the...
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Bretts Business Recovery are delighted that Isobel Brett has been nominated once again for the Kent Women In Business Awards. Following the judge’s preliminary assessment of the entrants, Isobel has been selected as a finalist in two...
Read more...It’s been a tough few weeks with individuals having to file their Tax Returns and pay their dues, sometimes receiving a bill for more than anticipated. Getting help and advice early on could help with damage limitation if you are finding...
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Carillion was managing hundreds of public/private projects in the transport, health, education, defence and construction sectors. Being the second largest construction company in the UK, the unexpected collapse of Carillion shall give raise to...
Read more...Overtrading is when a business takes on work and tries to complete the orders but finds that fulfilment requires greater cash, or further resources than are available. The reasons could be many, and can be unforeseen, rather than just attributing...
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The 32-year-old man has been disqualified from running a food business for 7 years. He ran food businesses under the company name, Lime & Mocha Limited. Paul Savage from Bangor in Belfast, was running an eating establishment at 442 Woodstock...
Read more...In this video from the ICAEW, Fraser, the MD of a manufacturing business, takes us on his journey from recognising when the company was getting into difficulty and seeking a specialist adviser (a licensed ICAEW insolvency practitioner) through to...
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If you pay dividends out of your company when insufficient profit/distributable reserves exist, and/or the requirements of the Companies Act 2006 are not met, such dividends are deemed as unlawful/illegal/ultra-vires. Therefore, dividend payments...
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