New Corporate Insolvency and Governance Bill to extend accounting deadlines

22 May 2020

The new Corporate Insolvency and Governance Bill will help maximise your business’ chance of survival throughout the coronavirus pandemic, it has been suggested.

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Almost a fifth of businesses fell into their overdraft in past year

05 Mar 2020

According to the latest industry research, almost one in five small businesses fell into their overdrafts in the last year in a bid to manage their cash flow.

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Company insolvencies hit six-year high

03 Feb 2020

Company insolvencies increased to their highest annual level for over six years, the latest statistics have shown.

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HMRC winding up petitions reach four year high

02 Jan 2020

According to the latest official figures, the number of companies that were wound up last year following intervention from HM Revenue & Customs (HMRC) reached the highest level for four years.

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A quarter of SMEs fear they will go bust within five years

12 Dec 2019

According to research from accounting software platform Xero, a quarter of small business owners believe their company will go bust within the next five years.

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Personal insolvencies on the verge of highest level for a decade

31 Oct 2019

According to official figures, the number of people facing insolvency is set to reach the highest level for almost a decade, following an annual increase of more than 22 per cent in December.

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BRC leading calls for more to be done to protect the retail industry

24 Oct 2019

According to the latest data from the British Retail Consortium (BRC), there were around 85,000 job losses in the retail sector in the past year.

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More than 2,800 retail stores closed during first half of 2019

12 Sep 2019

According to the latest industry research, around 16 shops are closing every single day on UK high streets as retailers look to restructure their businesses and adapt to increased levels of online shopping.

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The number of company insolvencies reaches highest level in five years

31 Jul 2019

The number of company insolvencies has reached the highest level since 2014, according to the latest data.

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New rules to crack down on ‘phoenix companies’ confirmed for April 2020

26 Jul 2019

Company directors who attempt to “sidestep” their tax liabilities by forcing their company into insolvency will face tougher penalties from next year.

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