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Food Sector on the Brink of Collapse
There were warnings this week that the food sector is on the brink of collapse. The governments Autumn budget really needs to step up. The number of restaurant and food outlets going into liquidation nationally increased by 46% in the quarter to September 2022. Not only are people cutting back on expenses as the cost…
Read MoreThe Cost of Living Crisis
The current cost of living crisis needs no introduction. Everyone is feeling it. You go to the supermarket only to find essential like eggs and milk have soared in prices. Not to mention the dreaded rise in energy bills. Thing look pretty bleak to be honest. We’ve seen a really unfortunate set of circumstances in…
Read MoreBeginner’s Guide to Corporate Insolvency
– Business Guide – A beginner’s guide to ‘Corporate Insolvency’ that will make the difference when facing tough business decisions. This book shares the vital knowledge you need to succeed including how to recover debt. AVAILABLE NOW!
Read MoreDirectors guilty of BBL abuse face disqualification
A few months back, we protested the Insolvency Service’s decision to chase the owners of failed businesses for failing to repay Bounce Back Loans. However, the findings of a report by the House of Commons public accounts committee suggest the agency’s strategy may be appropriate after all. To help struggling small-to-medium enterprises (SMEs) during the…
Read MorePros and cons of the moratorium procedure
Under the provisions of the Corporate Insolvency and Governance Act 2020, struggling companies can be placed into a new statutory insolvency procedure. But what are the pros and cons of the moratorium? The moratorium provides up to 40 business days of protection from creditors. This should be ample time to secure additional investment and remodel…
Read MoreHow should builders and tradesmen collect overdue debts?
According to figures released by the Office of National Statistics, the building and construction industry contracted 1.9% in the third quarter of 2015, which suggests contractors will be tightening their belts this year as the market becomes more competitive. This is particularly bad news for roofers, plumbers and other subcontractors (‘subbies’). Why? Because in a…
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