Insolvency statistics for Q2 ‘highly concerning’
Business Recovery

Insolvency statistics for Q2 ‘highly concerning’

9m 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...

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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...

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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...

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

SMEs ‘sleepwalking into train crash’ as UK insolvencies soar

2y 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...

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Post-pandemic, are HMRC’s gloves off for good?
HMRC

Post-pandemic, are HMRC’s gloves off for good?

2y Tim Symes, Lisa Vanderheide an...

Post-pandemic, are HMRC’s gloves off for good?

How has HMRC managed its metamorphosis from benevolent supporter of businesses during the pandemic to hard-nosed tax collector? Litigation specialists...

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

The NMCN collapse and pending legal investigations – lessons for accountant...

2y Helen Young and Nishma Chudasa...

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...

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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 ...

2y Stewart Perry

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...

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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 repo...

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...

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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, ...

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

KPMG insolvency misconduct “further emphasises” need for independent regula...

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...

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New bill targets fraudulent company dissolution
Business Recovery

New bill targets fraudulent company dissolution

3y Jeremy Chan

New bill targets fraudulent company dissolution

Bounce Bank Loan Scheme fraud of particular interest Read More...

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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...

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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...

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“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...

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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...

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HMRC’s crown preference scares away rescue finance lenders
Business Recovery

HMRC’s crown preference scares away rescue finance lenders

4y Jeremy Chan

HMRC’s crown preference scares away rescue finance...

Companies will have more trouble raising funds with floating charges as HMRC’s preferential status puts off lenders Read More...

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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...

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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...

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UK alters insolvency law landscape
Coronavirus

UK alters insolvency law landscape

4y Jeremy Chan

UK alters insolvency law landscape

The government has announced a number of changes to insolvency law in an effort to support in-distress businesses Read More...

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Furloughed staff considered ‘super-priority’ creditors during administration
Coronavirus

Furloughed staff considered ‘super-priority’ creditors during administratio...

4y Jeremy Chan

Furloughed staff considered ‘super-priority’ credi...

Recent court rulings clarify legal grey area caused by furlough scheme Read More...

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Insolvencies drop in first quarter
Coronavirus

Insolvencies drop in first quarter

4y Jeremy Chan

Insolvencies drop in first quarter

Latest report from The Insolvency Service outlines reduced number of insolvencies for the first three months of 2020 Read More...

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Report: Avoiding insolvency in midst of crisis
Coronavirus

Report: Avoiding insolvency in midst of crisis

4y Jeremy Chan

Report: Avoiding insolvency in midst of crisis

Insolvency has become a major threat across most UK markets, as businesses scramble for ways to avoid getting sucked under Read More...

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Industry at odds over potential insolvencies
Accounting Firms

Industry at odds over potential insolvencies

4y Tom Lemmon

Industry at odds over potential insolvencies

Predictions of 800,000 UK insolvencies requires “sense-checking” says RSM, but leading insolvency body say it depends on the length of the crisis Read...

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UK SMEs unprepared to apply for loans
Budget

UK SMEs unprepared to apply for loans

4y Jeremy Chan

UK SMEs unprepared to apply for loans

The government has announced businesses support measures to help keep companies afloat, but SMEs may have trouble accessing credit Read More...

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Governance and culture questions raised among insolvency practitioners
Insolvency

Governance and culture questions raised among insolvency practitioners

4y Kevin Reed

Governance and culture questions raised among inso...

Insolvency practitioners must tread a fine line in undertaking their role, and move onto how practices must get a grip on a permissive culture and loo...

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Pensions play a crucial role in insolvency
Pensions

Pensions play a crucial role in insolvency

4y Jeremy Chan

Pensions play a crucial role in insolvency

For firms in financial duress, employee pensions expenses can be fatal. Giving them a spot at the table may be a better option. Read More...

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Insolvency: Recognising the warning signs
Insolvency

Insolvency: Recognising the warning signs

5y Stephen Wainwright

Insolvency: Recognising the warning signs

There are a number of warning signs that a company is in financial distress and action is required, says Stephen Wainwright of Poppleton & Apple R...

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