When a company faces financial difficulty, liquidation can sometimes feel like the end of the road. However, in certain circumstances, directors may have the opportunity to start afresh with a new business that rises from the ashes of the old one. This is known as a “phoenix company”, and while the concept can offer a […]
What Is a Phoenix Company and How Does It Work? Read More »
When a company begins to struggle financially, directors often turn to online advice or seek professional help for liquidation or rescue options. However, not all “insolvency experts” advertising their services are authorised to act legally. The recent case of Davis Acquisitions Ltd, which was shut down for unlicensed insolvency activities, serves as a strong warning
Who Can Legally Carry Out Insolvency Work in the UK? Lessons from Davis Acquisitions Ltd Read More »
The UK construction sector entered 2025 already weathered by inflation, interest rate pressure and persistent supply chain turbulence. Forecasts for the wider economy suggested only modest growth, while global tensions and materials volatility continued to squeeze margins. Within that context, a steady stream of administrations and liquidations has reshaped the industry’s landscape, touching everything from
Construction companies that couldn’t survive in 2025 Read More »
The rapid rise of cryptocurrency and digital assets has changed the financial landscape, and now it is reshaping insolvency and bankruptcy too. Over the past five years, the number of insolvency cases involving crypto assets in the UK has grown by an astonishing 420%, according to the Insolvency Service. In response, the Service recently appointed
Are Crypto Assets Property in Insolvency? Understanding the 420% Surge in Cases Read More »
If you’re considering closing your company or dealing with business debt, chances are you’ve come across the term “insolvency practitioner” or IP for short. But what exactly do they do, and how are they regulated? In this blog, we’ll walk you through the key responsibilities of insolvency practitioners, how they are licensed, what standards they
The Role and Regulation of Insolvency Practitioners Read More »
When a company goes into liquidation, directors are often left wondering what happens to the contracts and lease obligations they’ve signed while trading. Whether it’s a commercial lease, supplier agreement, or equipment finance deal, these commitments can feel like a weight hanging over you. Understanding how these are handled is an important part of the
What Happens to Contracts & Lease Obligations After Liquidation? Read More »
When a business as well-established as Premier Group Recruitment enters administration, it raises plenty of eyebrows. Known for supplying tech, engineering and creative staff across the UK and US, the company had grown over several years and operated in highly active sectors. So, how does a business like that end up in financial trouble with
What Led Premier Group Recruitment to Enter Administration with £2.9m Debt? Read More »
When news broke about the liquidation of operations at Prax Lindsey Oil Refinery, it sent shockwaves through Lincolnshire and beyond. For decades, the refinery had been a major employer and a central part of the local economy. The announcement that work would wind down and that many jobs were at risk left hundreds of families,
The Impact of Liquidation at Prax Lindsey on Local Communities and Workers Read More »
The UK economy in 2025 has been testing businesses across almost every sector, but two industries stand out as bearing the heaviest weight: construction and hospitality. Both employ hundreds of thousands of people, support regional economies, and act as lifelines for local communities. Yet both are finding themselves among the hardest hit when it comes
Construction and Hospitality Insolvency in 2025 Read More »
Doing business always involves some degree of trust. Whether you are supplying goods on credit, entering a joint venture, or outsourcing a service, you rely on the other party to deliver on their commitments. In the UK’s current economic climate, where corporate insolvencies remain at historic highs, that trust has never been more important. Partnering
How to Avoid Partnering with Risky Businesses in the UK Read More »
