May 5, 2022
July 30, 2021
Coronavirus and the impact on UK insolvencies
At the start of the pandemic, it was widely assumed that lockdown would result in a significant increase in both corporate and personal insolvencies, but this has not materialised due to unprecedented financial support
June 28, 2021
HMRC taking ‘cautious approach’ to help prevent insolvencies
The UK government has said HMRC will take a “cautious approach” to enforcement of debt owed to the government accrued during the pandemic. The business secretary, Kwasi Kwarteng, stated that "HMRC enforcement during
January 12, 2021
Government proposals to widen eligibility criteria for DRO’s
DROs are a type of formal personal insolvency in England and Wales, sitting alongside bankruptcies and IVAs (Individual Voluntary Arrangements). DROs tend to be a low cost solution aimed at people who have smaller amoun
August 5, 2020
75% of UK hospitality firms at risk of insolvency
As reported by Eater London, the recent survey, conducted by UK Hospitality and on-trade data analyst CGA, found that over 75% of restaurants, pubs and bars in the UK fear not being able to pay their bills over the next
October 15, 2019
Retail Insolvency Risk Reduced
According to new research undertaken by insolvency and restructuring trade body R3, the proportion of North East retail businesses facing a raised risk of insolvency in the next year has fallen. R3's research found that
September 24, 2019
FRC considers investigations into Thomas Cook collapse
"In light of recent developments at Thomas Cook we are considering whether there is any case for investigation and enforcement action as a matter of urgency and in cooperation with the Insolvency Service," an FRC spokesper
June 19, 2019
Fewer Transport Businesses at Risk of Insolvency
The number of transport businesses in Yorkshire that experienced an elevated risk of insolvency fell in May, according to trade body R3. The proportion of transport companies in the region deemed to be at higher than av
May 3, 2019
Business insolvencies on the rise
The number of businesses that became insolvent in the first three months of 2019 rose by 6.3% compared to the previous quarter. The labour intensive construction, administration and retail sectors, are all struggling wi
March 19, 2019