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Individual Voluntary Arrangement and Homeownership: Protecting Your Property
There are a number of terms which are thrown around when debt and money trouble are discussed. One of the more common terms is an Individual Voluntary Arrangement (which is usually referred to as an IVA). An IVA is a formal and legally binding agreement which is formed between an individual and their creditors. Its […]
October 23, 2023
Ensuring the Safety of Your Savings: Understanding the Bank of England’s Measures for Depositor Protection
Economic uncertainty seems to be a talking point quite a bit in the modern age and as such, if you have some savings tucked away for a rainy day, you are going to want to make sure that they are safe. In order to reassure people that their savings would be safe and keep everything […]
October 11, 2023
Case Study: Wilko to Close ‘Majority of Stores’ with Loss of Thousands of Jobs
There are a number of businesses out there that have been struggling recently as the pandemic, the cost of living crisis and political uncertainty are making economic consistency harder to achieve. A well-known and much-loved company who is feeling these detrimental effects is High Street giant Wilko, who announced recently that they are set to […]
September 28, 2023
Unpacking the Collapse: Understanding the Factors Behind Tuffnells Parcels Express Bankruptcy and Its Impact on the UK Job Market
In what is proving to be an incredibly difficult year for businesses across the UK, the delivery company Tuffnells Parcels Express has recently declared bankruptcy. The company has collapsed as a result of fierce competition and a steady increase in costs which has made its means of doing things borderline impossible to keep up with. […]
September 25, 2023
Cybersecurity and Data Protection: Obligations for Companies Under the Companies Act 2006
There are many different risks that businesses and business owners need to keep at the forefront of their minds on a day-to-day basis. One of the growing problems is cyber risk, which is becoming more and more of a factor for growing organisations. 9 out of 10 businesses recently surveyed have found that there are […]
September 12, 2023
Maximising Recovery: Tips for Creditors in Insolvency Proceedings
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 […]
How Company Voluntary Arrangement Becomes Redundant Due to Change in Insolvency Laws
After figures surrounding insolvency were released last year, it looks as though the reintroduction of Crown Preference is on the horizon. This reintroduction could wreak serious damage on company rescues and make the company’s voluntary arrangement completely redundant. This is going to be discussed in more detail throughout the below article. What Is a Company’s […]
August 28, 2023
Impact of Inflation on Small & Medium Businesses in the UK
The UK economy is struggling at the moment for a number of different reasons but one of the largest contributing factors is the increased rate of inflation. The UK is currently experiencing an incredibly high rate of inflation and this is having an impact on organisations and businesses everywhere. So, with that in mind, it’s […]
August 22, 2023
Mergers and Acquisitions: Considerations and Regulations under the Companies Act 2006
The Companies Act 2006 (CA 2006) is the main piece of legislation that governs transactions relating to mergers and acquisitions in the UK. The CA 2006 sets out several requirements such as shareholder approval and the need to make a fair offer to the target company’s shareholders. In the following article, we’ll take you through […]
August 16, 2023
Why Skills Training UK on Brink of Insolvency?
There is no escaping the fact that a variety of different businesses, both big and small, suffer from various problems in their lifetime. One of these at the moment is the high-profile independent trading provider, Skills Training UK, as it was reported recently that they are set to collapse. Who Are Skills Training UK? Skills […]
August 8, 2023
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