Posted By: Bretts Business Recovery Ltd on 3rd July 2024
The insolvency statistics released for May 2024 show that of the 2,006 registered company insolvencies: There were 271 compulsory liquidations 1,590 creditors’ voluntary liquidations (CVLs) 126 administrations 19 company...
Read more...
Posted By: Bretts Business Recovery Ltd on 19th March 2024
Of the 2,102 registered company insolvencies in February 2024: There were 1,707 CVLs which is 12% higher than in February 2023 217 were compulsory liquidations which is 35% higher than in February 2023 There were 166...
Read more...
Posted By: Bretts Business Recovery Ltd on 19th March 2024
If you or your client’s business is facing financial distress it can be a stressful and worrying time for all involved. It can also be daunting to be presented with an overload of information and options on what to do next. Perhaps a formal...
Read more...
Posted By: Bretts Business Recovery Ltd on 13th November 2020
BACKGROUND: An established chain of beauty salons sought our advice after a culmination of specific and extraordinary trading issues resulted in severe cash flow problems. The Company assets were secured against a long-term loan and a bank...
Read more...
Posted By: Bretts Business Recovery Ltd on 30th September 2020
A legally binding agreement between a company (“CVA”), partnership (“PVA”) or an individual (“IVA”) and their unsecured creditors to repay all or part of their debt over a fixed period of time. Negotiating more time to pay your debts...
Read more...