Insolvency in the UK is evolving rapidly, influenced by economic shifts, regulatory changes and emerging business trends. As we look towards the future, understanding the trajectory of insolvency practices and their potential impact on businesses is important for stakeholders at all levels. With increasing complexities and uncertainties, staying ahead of these changes becomes key. This [...]
There’s been an alarming increase in construction company insolvencies across the UK in 2024. This trend has raised concerns among industry stakeholders, from contractors and suppliers to financial institutions and policymakers. In this blog, we look at the factors contributing to this growth, the implications for the construction sector, and the key steps companies can [...]
The rise in individual insolvencies in 2024 has become a pressing concern across the UK. Understanding the underlying factors contributing to this increase is important for both individuals and financial advisors. This blog explores the 10 key drivers behind the increase in individual insolvencies this year, offering a detailed analysis of how these factors interplay [...]
Maintaining a healthy cash flow is important for survival in a changing business environment. However, despite best efforts, companies sometimes face the challenge of dealing with insolvent customers and suppliers. When a business partner becomes insolvent, it can disrupt operations and threaten your financial stability. This blog will guide you through understanding insolvency, recognising the [...]
Recently, the UK has witnessed a concerning trend - a surge in company insolvencies. This phenomenon is closely tied to various economic factors, but one significant contributor is the prevalence of high interest rates. The economic landscape has been marked by uncertainty, worsened by global events such as geopolitical tensions and the aftermath of the [...]
Insolvency is a pressing concern for businesses across the UK, posing significant risks to operations, employees, and stakeholders. The economy, regulatory environment, and industry-specific challenges all contribute to the complex nature of insolvency. This blog aims to shed light on how businesses in different sectors can address insolvency risks effectively and maintain financial health. Understanding [...]
The tech industry isn’t just about innovation and excitement; it's also a landscape where the shadows of failure and insolvency loom large. Recent events, such as the bankruptcy of WeWork last November and the collapse of Silicon Valley Bank UK last year, serve as stark reminders of the precarious nature of the sector. These high-profile [...]
Insolvency and liquidation can be complex, and the global landscape often requires a nuanced approach to address cross-border challenges. The United Nations Commission on International Trade Law (UNCITRAL) Model Law has emerged as a crucial framework, providing guidelines for the recognition and enforcement of insolvency-related judgments in different jurisdictions. Insolvency, representing a financial state where [...]
Liquidating assets in a CVL (Creditors’ Voluntary Liquidation) is a significant step for any business. It marks the point when a company, guided by an insolvency practitioner, opts to bring its affairs to an orderly end. The process can be complex, involving the disposal of business property and investments to meet creditor claims. This article [...]
It’s normal for organisations to find themselves in financial difficulty and when this happens, people who are owed money by said businesses are likely to suffer to some extent. This is especially the case when a creditor is unsecured as they are last in line to be paid once an organisation goes into liquidation. If [...]
