COVID-19 causes business debt to drop by £189m
The impact of COVID-19 has seen a sharp drop of £189 million in insolvent business debt during the last quarter, according to a new study.
Tag: Insolvency
Insolvency risk and gender: Is there a link?
New research reveals that male dominated SMEs are more likely to run into the red, but do these findings reveal more about gender relations rather than risk appetite and insolvency in general?
The risks for a holding company when a subsidiary goes insolvent
By Staff writer
Insolvency practitioner Gavin Jones discusses the kind of damages that might be claimed from a holding company or its directors in the event of the insolvency of a subsidiary and the defences that might be available to mitigate these.
Difference between liquidation and administration
After running into financial difficulties in 2017, Carillion has gone into liquidation. While often bandied around in the news, it’s not a term you?ll find explained, which has left some to ponder the difference between words such as liquidation and administration.
More businesses reporting signs of financial distress
Dwindling growth prospects and business confidence is leading to increased financial distress amongst the UK SME community, new evidence shows.
Agent Provocateur and Mike Ashley a risqu” business?
By Staff writer
The luxury lingerie business Agent Provocateur was sold for around £30m last week by its private equity owners 3i, in a controversial pre-pack administration to Mike Ashley, the billionaire behind Sports Direct.
HMRC cracks down on SME directors
By Staff writer
Vernon Dennis explains why, despite the UK tax gap being at a record low, HMRC has placed SMEs in its crosshairs as a way of reducing it even more.
New insolvency rules look to reduce casualties as a result of domino effect
By Staff writer
On 6 April 2017, a new set of insolvency rules will hit the UK. Many people reading this may think this will be of little significance to them, but that’s not the case.
The negative effects that growing too quickly can have on your business
By Ivan Lavelle
While the right amount of growth is a good thing for almost any business, too much growth – or more specifically, too much growth too quickly, can be a serious threat to your business’s financial solvency.
Insolvencies for dummies
The number of insolvencies is set to rise as the country creeps into growth and “zombie” companies finally fail. Yet few businessmen (or even lawyers) understand the different procedures and terms. Insolvency practitioner John Alexander explains the lingo.