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Latest Insolvency Related News

Female Employee Struggling With Business
Reintroduction of Winding Up Petitions ‘Will Add to Pressure on Struggling Firms’
The lifting of the ban on winding up petitions in the UK will add notably to the financial pressures being faced by struggling firms across the country.
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Debenhams store
Debenhams Departs UK High Streets After Liquidation Process
The department store chain Debenhams has closed its last remaining outlets in the UK after completing a process of liquidation.
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Zombie Business
Dam of Zombie Businesses ‘About to Break,’ Says Insolvency Expert
The dam preventing insolvent companies in the UK from heading out of business could be about to break, according to a leading corporate finance expert.
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Business People Discussing Insolvencies Liquidations
Spike in Insolvencies and Liquidations Forecast for Later This Year
A significant increase in the number of companies facing insolvency and liquidation is being forecast for later this year after the government’s financial support schemes are wound down.
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Companies in ‘Significant Financial Distress’ Up by 27 Per Cent
The number of companies across the UK in a position of ‘significant financial distress’ increased by 27 per cent year-on-year between the final quarters of 2019 and 2020 respectively.
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Small Companies Fold
Record Numbers of Small Firms Could Fold, Says FSB
A record number of small companies could fold over the course of 2021 unless swift action is taken to help them in the coming weeks.
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Grant Blocks
Lockdown Grants ‘Won’t Be Enough to Save Some Firms’
The government’s pledge to provide grants in support of businesses affected by the latest lockdown measures in England will not be enough to save many firms across the country.
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Creditor Voluntary Liquidation Rates Rising
Creditor Voluntary Liquidation Rates Rising But Still Being Held Back for Now
Rates of entry into Creditor Voluntary Liquidation (CVL) increased during November but continue to be held back by the various forms of protection being afforded to businesses by the government.
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