Latest Insolvency Related News
27/01/2022
Voluntary Liquidation Rates Up 37% Year on Year in December
The number of company directors voluntarily taking their businesses into liquidation increased by 37 per cent in December 2021 compared to the same month of the previous year.
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21/01/2022
Spiralling Overheads Leaving Small Businesses ‘On a Knife Edge’
Rising costs and eroded profit margins are leaving thousands of small businesses on a financial knife edge and facing the prospect of potentially entering insolvency.
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18/01/2022
Rising Costs Pushing Construction Firms towards Insolvency
Rising costs and issues with recruitment are contributing to an increase in the number of construction companies entering insolvency across the UK.
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24/12/2021
Clampdown Announced On Directors Dissolving Companies to Avoid Paying Debts
The Insolvency Service has announced the beginning of what is being describing as a clampdown on company directors who dissolve their businesses to avoid paying debts and settling liabilities.
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09/12/2021
Covid Plan B ‘Puts Hospitality Firms at Risk’
The government’s decision to pursue a ‘Plan B’ in response to rising cases of Covid-19 could put hospitality businesses at risk in the coming weeks and months.
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16/11/2021
Insolvency Service Cracks Down on Abusers of Bounce Back Loan Scheme
The Insolvency Service has banned a company director for a period of nine years as part of a crackdown on abuses and fraud relating to the government’s Covid-19 financial relief schemes.
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29/10/2021
Hospitality Sector Still ‘Incredibly Fragile’ Despite Business Rates Relief
Companies within the UK’s hospitality sector remain in a fragile situation financially despite being granted an extension to the 50 per cent relief policy in relation to their business rates.
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22/10/2021
Voluntary Liquidation Rates Up to Highest Levels in Almost 3 Years
The rates at which companies in England and Wales were being placed into liquidation on a voluntary basis increased to the fastest pace since January 2019 during September of this year.
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