One of the commonest reasons that businesses fail is because they’ve run into a cash flow crisis. A steady stream of incoming cash is usually a sign of a healthy, thriving business. Cash flow is not only important to the day-to-day running of your business, it is also essential for growing your empire. Protect your…
With the political and economic future of the country looking uncertain, many experts fear that another recession could be on the horizon. The 2008/2009 recession was hard on UK businesses, with almost 27,000 businesses going into liquidation or becoming insolvent, more than in any previous recession. With recessions usually occurring roughly once a decade, and…
Retailers Homebase have just become the latest major store chain to face the threat of extinction only to be saved from administration by a company voluntary arrangement (CVA) which has for now been agreed with creditors. Given the fate of many large household retail chains in the past decade it would be easy to assume…
Will it be a hard or soft Brexit? Will the pound collapse under the strain, will my business survive intact? These fears are very real for many business owners when they look ahead to 2018 with a degree of anxiety. Fortunately, if your business is struggling financially, our insolvency advisors are here to help you…
While economic surveys have revealed little impact following Brexit, the number of business closures increased by 2.2% in quarter 3. Voluntary liquidations went up a worrying 5% in the same period – according to statistics released by HMRC. One of the biggest impacts of Brexit so far has been on the Pound which has plummeted against the Dollar…
The implications of the decision to leave the EU will be wide and far reaching, nobody is under any illusions about that, but what about the specific impact on the insolvency and restructuring sector? In the short term there is little cause for concern. It could take up to 2 years for the UK to…
