Latest company and individual insolvency statistics remain low. The latest monthly release of insolvency statistics for England and Wales was published on 13 November 2020. * Overall numbers of company and individual insolvencies remained low in...
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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...
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The impact of COVID-19 could be devastating for many businesses. In these unprecedented times, business owners are facing a myriad of challenges – how to balance employee welfare with the needs of the business and managing cashflow when clients...
Read more...Moore Stephens an accounting and advisory network has published a report quoting there has been a 10% rise in the number of businesses liquidated in 2018. With an increase from 13,010 cases in 2017 to 14,270 in 2018, there is a clear...
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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HMRC lost their preferential status in insolvency proceedings in 2003. Between then and now they had to sit in line with all other unsecured creditors. The removal of their preferential status has undoubtedly led to other unsecured creditors...
Read more...Administrations drop to lowest level since 2005 You may be surprised to learn that the number of companies entering administration in the first quarter of 2013 was at its lowest level since 2005. High profile retail casualties including HMV,...
Read more...Isobel Brett was recently asked to give a talk on employee relations to the inaugural meeting of a group of 20 local female business leaders in Gravesend. Having risen through the ranks of her organisation from staff member to manager and in the...
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