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...
Read more...
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...
Read more...
Insolvency poses a significant challenge for businesses, occurring when a company cannot meet its financial requirements, resulting in liabilities exceeding its assets or not meeting payments when they fall due. This situation can lead to various...
Read more...
In the world of business finance, an Independent Business Review (IBR) is a crucial tool for stakeholders to gain an unbiased assessment of a company's financial health and future prospects. Whether you're a business owner facing an IBR or a...
Read more...
In a recent crackdown on unauthorised financial services, a Manchester-based company has been forced to cease operations. Save Consultants Ltd, which claimed to offer insolvency practitioner services, was wound up by the High Court in Manchester on...
Read more...
When a business fails a director’s duties continue. Directors have several responsibilities and potential liabilities they must fulfil and these cannot be avoided by entering into insolvency or liquidation – even by resigning. Generally,...
Read more...
The road to success for Small and Medium Enterprises (SMEs) in the UK isn't always paved with gold. It's often riddled with financial potholes that can derail even the most promising venture if not detected early. With a new tax year underway,...
Read more...
An Individual Voluntary Arrangement (IVA) provides individuals with protection from legal action while trying to settle debts. It is a good option for those wanting to repay debts, or an agreed percentage thereof, over a set period of time and avoid...
Read more...
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...
A restructuring plan is a recently introduced court-supervised process that allows financially distressed companies to restructure their liabilities and reach a binding compromise with their creditors and/or shareholders. It must have approval from...
Read more...