Worryingly high insolvency statistics for 2018
The Insolvency Service statistics for the quarter October to December 2018 for England and Wales show that personal insolvencies are at their
What are the advantages and disadvantages of Administration?
When a company enters administration the control of the company is passed to an appointed administrator. Their primary goal is to then
HMRC Winding Up Petition Rates at a 5 year High
Over the course of the last year, the number of winding up petitions sought by HMRC has increased by 21%. In fact,
If you are a sole trader concerned about Insolvency – read this now
When a limited company becomes insolvent, directors receive protection from personal liability through what is known as the ‘veil of incorporation.’ The
I need an Insolvency Practitioner (IP) to close my company but I am concerned that I am unable to afford the fees
If your company has entered insolvency and there is no possibility of returning to profitability, you will need to repay your creditors
Are liquidation and insolvency the same thing?
It is a common misconception that a company in liquidation must be insolvent. Jason Elliott, at The Insolvency Experts explains that whilst
Warning signs that your company could soon be insolvent and what to do
If your business is in debt and you believe it may be insolvent or approaching insolvency, there is no time to lose.
5% insolvency increase expected for 2017
According to trade insurance company Euler Hermes, the UK is facing a 5% increase in company insolvencies before the end of the
What are the options for an insolvent company?
Directors should seek advice from professionals such as ourselves as soon as they become concerned about the solvency of the business. It
How likely are my creditors to accept some form of voluntary arrangement?
If your limited company is insolvent, it can use a Company Voluntary Arrangement (CVA) to pay creditors over a fixed period. If