Posts Tagged ‘Insolvency’
79th Group Recovery Programme Update
More than 14 Months After Administration: What Happened Behind the Scenes? More than 14 months have passed since various companies within the 79th Group entered administration in April and May 2025. Since then, investors have received updates from the appointed insolvency practitioners and continued to anticipate greater clarity regarding the prospect of any recoveries and…
Read MoreCarrie James: Challenging Her Excessive Legal Costs
Many of you may be familiar with High Street GRP, a property investment company that secured over £126,000,000 from more than 1,500 Loan Note Holders. However, the situation took a negative turn when these holders stopped receiving returns. As a result, numerous individuals reached out to us for assistance in recovering their investments. Consequently, the…
Read MoreInsolvencies jump 43%
Startling new statistics have revealed the number of insolvent companies jumped by a staggering 43% in August 2022. Although high inflation has led consumers to reduce spending, this paints a bleak picture of the future of UK businesses. The government finally acted by freezing energy prices to lessen the blow of the recent hike in…
Read MoreOptions for a profitable but insolvent company
As reports of company insolvencies come streaming in, it’s important for directors to weigh up business rescue options in advance. Panicking and making rash decisions under pressure could lead to a tragic , but wholly avoidable outcome. It is important to note that liquidation is not the only option available to you. One alternative is…
Read More50% increase to bankruptcy and liquidation fees
Just months after lifting the temporary restrictions on winding-up petitions, the Government has revealed plans that will make it harder for thousands of SMEs and microbusinesses to collect debts and force debtors into insolvency procedures. The Insolvency Service plans to hike in the cost of two key payments later this year. Firstly, the deposit a…
Read More3 alternatives to liquidation for directors
A clever director will be considering their options as the number of corporate insolvencies continues to rise in 2022. Still, try not to make rash decisions as they can lead to bad results. There are several alternatives to liquidation that can help a proactive director move forward with an insolvent but profitable business. An agreement…
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