Tag: administration
CVA’s drop 47% after HMRC changes Debt Collection rules
The latest Data analysed by Mazars shows the number of struggling businesses applying for Company Voluntary Arrangements (CVAs) has fallen by 47%. It is...
Retail Sector Insolvencies on the rise
According to new research by insolvency specialist RPC, in the past year the number of retailers entering insolvency has increased by 7% from 999...
Construction sector sees shocking Insolvency rise
According to new figures released by Creditsafe, insolvency within the construction sector in the UK has increased by 73.3% for Q1 in 2018. After the...
Why late payments are affecting SME’s
Every business whether it be large or small is effected by late payments and with many businesses being part of a supply chain and...
Insolvency expert predicts increased failure of companies in the south
Mr Robert Bajaj, a consultant solicitor with regional law firm Ellis Jones predict a rise in business failures across the South. Speaking at an insolvency...
Calls For New Late Payment Legislation
A survey by the Institute of Directors (IoD) of SME’s across the UK revealed that of the 787 questioned, nearly half have suffered because...
Steep rise in Scottish Business Insolvency
New official statistics reporting insolvencies in Scotland have been released by Accountant in Bankruptcy (AiB) for the fourth quarter (January to March 2018) of...
Government eyes insolvency reforms
After the collapse of construction giant Carillion a consultation is being launched over planned action against “irresponsible” company directors, with the government planning insolvency...
Number of restaurants going bust increase by 20%
Research produced by Moore Stephens has shown that the number of restaurants going bust has increased by 20% in the past year. Stephens’s figures show...
Increased Business Insolvencies Expected
As Brexit is fast approaching, increased Business Insolvencies are expected. According to Euler Hermes, insolvencies in the UK with rise by 8% in 2018 with...
