On 20 May, the Department for Business, Energy and Industrial Strategy (BEIS) announced the new Corporate Insolvency and Governance Bill. The Bill presents a significant reform of the insolvency and corporate governance framework and introduces...
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Claims for financial support may be deemed fraudulent if the company was already in trouble when making claims and then later enters into an insolvency process. Insolvency practitioners (IPs) have been advised to remain alert to potentially...
Read more...According to figures released by Registry Trust, there was an almost 30% increase in the number of adverse county court judgments (“CCJs”) against incorporated businesses in England and Wales in 2018. While CCJs against incorporated...
Read more...As Philip Hammond delivered his third Budget as chancellor with his comment of the Era of austerity is "finally coming to an end”, as always, we see some winners and losers. One of the changes that will have a big impact despite not capturing the...
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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First quarter of 2017 reveals an increase in insolvencies. The most recent Insolvency statistics have been distributed by the Insolvency Service for the first quarter of 2017. Company Insolvencies They demonstrate an expansion in total...
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During May to July earlier this year, The Insolvency Service held a consultation on the reform of the UK’s insolvency regime and has now published a summary of the responses. The Government sought opinion from a wide range of organisations and...
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The Financial Times has recently reported on the findings Euler Hermes, the world’s largest trade credit insurer, which insures companies against the risk that creditors will not be able to pay their debts. Ludovic Subran of Euler Hermes...
Read more...They are just as painful for small businesses Our research shows that it isn’t just the consumer who is seduced by the lure of quick and easy money to push forward plans to keep the business going. The problem occurs when this "quick and easy"...
Read more...The Office for National Statistics has recently revealed that the number of self-employed workers has risen by 367,000 to 4.2 million between the start of the economic downturn in 2008 and June 2012. 60% came between 2011 and 2012. Self-employed...
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