Category: Corporate Insolvency

4 simple steps to managing your business’ finances proactively

Managing your business’ finances proactively can help to minimise financial loss and maximise prosperity. In a recent blog, we discussed the advantages of becoming a proactive business rather than a reactive one. If you’re ready to transform the way your business looks after its finances by embracing proactive strategies, then we’ve put together a few…




Will Business Insolvency Cost Me Anything?

The answer to this is it depends both on the complexities involved, creditors and insolvency practitioners hired to deal with the process. Insolvency should never be seen as an easy option as a result of the many variables that need to be considered first.   Potential fees for a business going insolvent might include the costs…




More Construction Insolvencies As Carillion Fallout Continues

Anyone hoping for better news in the construction industry will have to wait longer as data shows hundreds of construction firms entered insolvency in the first quarter of the year.   The collapse of Carillion may have grabbed all the headlines due to its high profile and size, but the ripple effect is already looking a…




Corporation Tax Arrears Up 15%

Figures have come to light this month that suggest UK corporation tax arrears have increased by 15% in the last 12 months suggesting that there could be an increase in insolvencies as businesses struggle to pay. The total amount of money owed in corporation tax stands at £1.82 billion according to the study by online…




Insolvencies On The Rise Between In Q1 2017

A number of events have conspired to push insolvency rates upwards according to results for Q1 2017. The results published by the Insolvency service shouldn’t be viewed as cause for alarm, but if results are repeated in the next quarter, then it could be seen as a growing trend in insolvencies driven by changes in…




What’s The Single Biggest Indicator Of Corporate Insolvency?

Corporate insolvency can happen suddenly but it is more likely the seeds of financial difficulties were sown months beforehand and there is one big indicator that things have arrived at the point of insolvency. This is an inability to meet debt obligations. Debts will suddenly become unmanageable if a company doesn’t have enough cash flow…