October 14, 2016
October 3, 2016
Plans for temporary moratorium for corporate insolvency regime
The Insolvency Service has confirmed that two thirds of respondents believe that a pre-insolvency temporary moratorium being made available to companies would facilitate business rescue. However, concerns have been raised
September 23, 2016
Insolvency trade body warns of dangers of turning to unregulated advisers for financial advice
The insolvency trade body R3 is warning individuals struggling with debt only to take guidance from licensed and regulated advisers – turning to unscrupulous and unlicensed debt advisers could actually make their situati
September 2, 2016
Construction activity improves in August
The rate of decline in the UK construction industry slowed in August according to the Purchasing Managers' Index ("PMI") of activity. Experts see this as a potential sign that the economy is weathering Brexit better tha
August 24, 2016
Brexit fallout fails to unnerve Yorkshire manufacturing businesses
Yorkshire manufacturers have performed relatively very well in August 2016 with the region having the lowest proportion of businesses at higher than normal risk of insolvency, according to research by insolvency trade bo
August 8, 2016
Rise in personal insolvencies likely to continue
Statistics provided by the Insolvency Service for the period April 2016 to June 2016 show that personal insolvencies have increased for the fourth quarter in succession. An expert at the Money Advice Trust expects this
May 25, 2016
Brexit could add two years to austerity according to Institute for Fiscal Studies (“IFS”)
The consensus of economists was that the UK economy would shrink after an EU exit, the think tank said. It warned ministers could react to a post-Brexit GDP fall with either deeper cuts, or by extending them. But UKI
April 28, 2016
R3 calls for ‘Business Rescue Moratorium’
Amidst the latest high profile retail collapses - including BHS and Austin Reed - insolvency trade body R3 is calling on the government to offer struggling companies a period of up to six weeks free from creditor pressure
March 21, 2016
54% of IPs see HMRC as ‘unhelpful’
In a recent survey of 350 insolvency practitioners (IPs) undertaken by the insolvency trade body, R3, more than 50% are of the opinion that HMRC makes it more difficult to rescue businesses than wind them up. 71% of
January 27, 2016