Can accountants stop the insolvency rot?

Business Can accountants stop the insolvency rot?

1m Institute of Financial Accountants

Can accountants stop the insolvency rot?

November 2023 saw a 21% jump in insolvencies from November 2022, as 2,466 businesses filed for bankruptcy. Is there any way of slowing these growing s...

View article
Insolvency statistics for Q2 ‘highly concerning’

Business Recovery Insolvency statistics for Q2 ‘highly concerning’

8m Greg Noble

Insolvency statistics for Q2 ‘highly concerning’

There were 6,342 recorded company insolvencies in Q2, reflecting a 9% increase compared to the number of insolvencies in Q1, and a 13% increase compar...

View article
Accountants’ economic confidence edges up for third consecutive quarter

Brexit & Economy Accountants’ economic confidence edges up for third consecutive quarter

11m Sam Alberti

Accountants’ economic confidence edges up for thir...

The survey paints a “brightening” picture of the global economy, according to the ACCA Read More...

View article
Get the latest analysis and reports delivered to your inbox daily
Insolvencies reach 13 year high as directors delay seeking advice

Business Insolvencies reach 13 year high as directors delay seeking advice

1y Greg Noble

Insolvencies reach 13 year high as directors delay...

Directors are being advised to look for help as soon as their business looks in trouble Read More...

View article
Directors ‘leaving it far too late’ as UK insolvencies surge

Business Directors ‘leaving it far too late’ as UK insolvencies surge

1y Sam Alberti

Directors ‘leaving it far too late’ as UK insolven...

A range of economic and political factors have compounded the issue, experts say Read More...

View article
SMEs ‘sleepwalking into train crash’ as UK insolvencies soar

Business SMEs ‘sleepwalking into train crash’ as UK insolvencies soar

1y Sam Alberti

SMEs ‘sleepwalking into train crash’ as UK insolve...

The true impact of the crisis is yet to be felt, one expert said Read More...

View article
The NMCN collapse and pending legal investigations – lessons for accountants

Business The NMCN collapse and pending legal investigations – lessons for accountants

2y Helen Young and Nishma Chudasama

The NMCN collapse and pending legal investigations...

As businesses in all sectors face a turbulent economic period ahead, the compliance bar for accountants is high when insolvency is on the horizon – NM...

View article
The law of unintended consequences: How a simple change threatens business rescue in the UK

Insolvency The law of unintended consequences: How a simple change threatens business rescue in the UK

2y Stewart Perry, restructuring and insolvency partner, Fieldfisher

The law of unintended consequences: How a simple c...

Insolvency figures released in January show the reintroduction of Crown Preference is wreaking serious damage on company rescues Read More...

View article
Loose regulation allows insolvency to be “weaponised”, MP says as APPG report casts shadow over industry

Insolvency Loose regulation allows insolvency to be “weaponised”, MP says as APPG report casts shadow over industry

3y Sam Alberti

Loose regulation allows insolvency to be “weaponis...

Parliamentary report seeks to eradicate conflict of interest in "Wild West" insolvency industry Read More...

View article
Experts reject ‘insolvency tsunami’ predictions but advise caution

Insolvency Experts reject ‘insolvency tsunami’ predictions but advise caution

3y Sam Alberti

Experts reject ‘insolvency tsunami’ predictions bu...

Forecasts suggesting a wave of corporate insolvencies on the horizon are alarmist, but rescue tools and advisory services should still be considered, ...

View article
KPMG insolvency misconduct “further emphasises” need for independent regulator, MPs say

Insolvency KPMG insolvency misconduct “further emphasises” need for independent regulator, MPs say

3y Sam Alberti

KPMG insolvency misconduct “further emphasises” ne...

The landmark case is said to have exposed patterns of neglect in the profession Read More...

View article
Insolvency figures mask dire reality for UK business

Brexit & Economy Insolvency figures mask dire reality for UK business

3y Tom Lemmon

Insolvency figures mask dire reality for UK busine...

Last year’s compressed corporate insolvency statistics conceal reality of the state of the UK economy Read More...

View article
ACCA director: Cost of insolvency regulation unsustainable

Insolvency ACCA director: Cost of insolvency regulation unsustainable

3y Aoife Morgan

ACCA director: Cost of insolvency regulation unsus...

Association relinquishing RPB authority Read More...

View article
UK insolvencies hit pre-pandemic highs

Insolvency UK insolvencies hit pre-pandemic highs

3y Jeremy Chan

UK insolvencies hit pre-pandemic highs

December was the first month since lockdown began that insolvencies were higher than the same period year on year Read More...

View article
Numerous ‘perverse outcomes’ prompts parliamentary review into insolvency

Accounting Firms Numerous ‘perverse outcomes’ prompts parliamentary review into insolvency

3y Tom Lemmon

Numerous ‘perverse outcomes’ prompts parliamentary...

Back-bench MPs call for evidence Read More...

View article
“Tsunami of insolvencies” likely as retail faces collapse

Insolvency “Tsunami of insolvencies” likely as retail faces collapse

3y Leanna Reeves

“Tsunami of insolvencies” likely as retail faces c...

Insolvency partner expects more businesses falling into administration as retail group ends partnership with suppliers Read More...

View article
New evaluator role in pre-pack scrutiny too vague

Insolvency New evaluator role in pre-pack scrutiny too vague

3y Jeremy Chan

New evaluator role in pre-pack scrutiny too vague

Insolvency service announces new law to scrutinise sale of pre-packs but does not specify qualifications for the evaluator Read More...

View article
Consultants expecting insolvencies in wake of chancellor’s Winter Economy Plan

Business Consultants expecting insolvencies in wake of chancellor’s Winter Economy Plan

3y Tom Lemmon

Consultants expecting insolvencies in wake of chan...

Second lockdown could “destroy” hospitality sector, according to consultant Read More...

View article
Deloitte partners face £19m insolvency lawsuit

Big Four Deloitte partners face £19m insolvency lawsuit

4y Tom Lemmon

Deloitte partners face £19m insolvency lawsuit

Relationship between insolvency practitioners and banks under spotlight again Read More...

View article
High street brands restructure ahead of September storm

Business High street brands restructure ahead of September storm

4y Leanna Reeves

High street brands restructure ahead of September ...

Job cuts, CVAs, and online presence are top priorities for struggling high-street brands Read More...

View article
Insolvency panel arrangements risk creating conflict of interest, says lawyer

Insolvency Insolvency panel arrangements risk creating conflict of interest, says lawyer

4y Tom Lemmon

Insolvency panel arrangements risk creating confli...

Panel arrangements between banks and insolvency practitioners (IPs) run the risk of creating a conflict of interest, according to Joanna Ford, partner...

View article
Rise in insolvency and creditor action expected

Insolvency Rise in insolvency and creditor action expected

4y Jeremy Chan

Rise in insolvency and creditor action expected

Practitioners braced for “storm” of activity Read More...

View article
Industry works out new moratorium process

Insolvency Industry works out new moratorium process

4y Jeremy Chan

Industry works out new moratorium process

Moratorium provides a more debtor friendly process, but questions remain on practicality on UK insolvency Read More...

View article
MP calls for new insolvency regulator over ‘massive’ conflict of interests

Insolvency MP calls for new insolvency regulator over ‘massive’ conflict of interests

4y Tom Lemmon

MP calls for new insolvency regulator over ‘massiv...

Conservative MP calls for outlaw of panel agreements and an insolvency tribunal to prevent “egregious” behaviour Read More...

View article
Corporate Insolvency and Governance Act 2020: A review

Business Recovery Corporate Insolvency and Governance Act 2020: A review

4y Wayne Beck

Corporate Insolvency and Governance Act 2020: A re...

By Wayne Beck, associate, Faegre Drinker Read More...

View article
BDO sued for £250m: Partner admits to ‘serious dereliction of duty’

Accounting Firms BDO sued for £250m: Partner admits to ‘serious dereliction of duty’

4y Tom Lemmon

BDO sued for £250m: Partner admits to ‘serious der...

BDO partner mistakenly described the administration of One Blackfriars Limited as objective two, not objective three Read More...

View article
BDO sued for £250m: Selling agent accused of conflict of interest

Accounting Firms BDO sued for £250m: Selling agent accused of conflict of interest

4y Tom Lemmon

BDO sued for £250m: Selling agent accused of confl...

The claimants in the case against BDO over their administration of One Blackfriars Limited have accused BDO of inappropriately using real estate firm,...

View article
1 2 3 5