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UK Corporate Insolvency and Governance Act 2020
The UK Corporate Insolvency and Governance Act 2020 is one of the most significant pieces of legislation affecting corporate insolvency in the UK. Designed to provide businesses with greater flexibility and support during financial distress, this Act introduces several important reforms aimed at both helping struggling companies and making sure creditors receive fair treatment. In […]
November 13, 2024
Future of Insolvency in the UK: Predictions and Expert Opinions
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 […]
November 5, 2024
How Insolvencies in the Construction Sector Reflect Broader Economic Trends?
The construction sector has long been regarded as a barometer of the overall health of the economy. Fluctuations in this industry often mirror broader economic trends, making it an important area for analysis. Recently, we’ve seen a concerning rise in insolvencies in the construction sector, reflecting the unique challenges within the industry and broader economic […]
October 29, 2024
Role of Power of Attorney in UK Liquidation Matters
When a company faces insolvency, going through the liquidation process can be daunting. The role of a Power of Attorney is essential in these circumstances. Understanding how a Power of Attorney in UK liquidation matters can massively enhance the efficiency and effectiveness of the entire liquidation. Proper use of a Power of Attorney means that […]
October 22, 2024
Record Surge in Construction Company Insolvencies in 2024
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 […]
October 15, 2024
Creditor Claims Against Business Partners in 2024
In the complex system of insolvency, creditor claims against business partners are becoming increasingly relevant in 2024. As business conditions and economic pressures change, creditors need to know their rights and the options they have when making claims against business partners. This blog aims to provide a comprehensive guide on dealing with creditor claims effectively, […]
October 7, 2024
Factors Behind the 2024 Increase in Individual Insolvencies
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 […]
September 30, 2024
How to Deal with Insolvent Customers and Suppliers in the UK
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 […]
September 23, 2024
Understanding the Emotional Impact of Insolvency on Business Owners
Facing insolvency is a daunting prospect for business owners, representing a financial hurdle and a huge emotional challenge. Beyond the immediate concerns of financial viability and operational continuity, the emotional toll can be overwhelming, affecting mental well-being and personal stability in ways that are often underestimated. In this blog post, we delve into the multifaceted […]
September 17, 2024
Everest Windows Collapses: What Led the Double-Glazing Giant into Administration?
In a significant development, Everest, one of Britain’s largest and historically resilient double-glazing suppliers, has entered administration, highlighting the challenges even well-established companies face amidst the ongoing turbulence of today’s economic climate. This turn of events not only shows the vulnerability of industries heavily reliant on consumer spending and economic stability but is also a […]
September 12, 2024
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