Category: New Insolvency Rules

Medium Sized Businesses Face Greater Risk of Insolvency

The government recently published statistics on insolvency from 2017 showing the rate of insolvencies by location, business size and age. The statistics reveal how these three factors can influence the risk of insolvency for businesses in the UK and should act as a warning for businesses not to get too complacent even when they have…




What Can You Do If You’re Wrongly Pursued For Debts?

You probably get spam emails every day claiming you owe money but it’s a totally different matter when the claim is genuine and your creditor is claiming you owe them money when this is not the case.   Most often this type of claim is made by an organisation you have not communicated with directly such…




Why Customer Retention Is Important

Customer retention can mean the difference between business success and business failure so working on it is of vital importance to any business particularly in tough times.   If your business is in financial difficulty, then your regular customers can provide some vital help in getting it back on track. Not only that, happy customers and…




The Biggest Signs Your Company Is Heading For Insolvency

Signs of a business heading for insolvency can often be difficult to spot particularly if attention is focused elsewhere. It’s only when insolvency becomes a reality that those early warning signs begin to seem obvious on hindsight. Here are some of the most common signs your company is heading for insolvency Borrowing becomes difficult  If…




UK Economy Stabilises – Good News For Businesses?

Despite a gloomy start to the year when the honeymoon looked set to be over for the UK economy, things seem to have turned around which has to be good news for businesses hoping to turn their fortunes around. Much of the growth in the economy this quarter has come from the service sector as…




New Insolvency Rules Come Into Force But Not In All Cases

The long build up to changes in insolvency rules is finally over however there will still be cases where the old rules still apply and it is advisable to be aware of what is and isn’t affected by the new rules introduced this month. In short the UK Insolvency Rules (England and Wales) 2016 referred…