Insolvency Archives

Why UK Furniture Brand Slzzp Entered Administration

The entry of UK furniture brand Slzzp into administration highlights the continued financial strain facing retailers operating in a challenging and evolving market. While furniture retail has historically been sensitive to economic cycles, recent years have introduced a combination of pressures that have proven particularly difficult for newer and growth-focused brands to manage. Slzzp’s administration […]

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What Are the Three Different Types of Liquidation?

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Liquidation is the formal process of closing a limited company and bringing its affairs to an end. It involves selling company assets, settling debts where possible and removing the company from the register at Companies House. Although all forms of liquidation result in the company ceasing to exist, the reasons behind liquidation and the way

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What Is a Phoenix Company and How Does It Work?

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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

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Who Can Legally Carry Out Insolvency Work in the UK? Lessons from Davis Acquisitions Ltd

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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

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Construction companies that couldn’t survive in 2025

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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

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Are Crypto Assets Property in Insolvency? Understanding the 420% Surge in Cases

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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

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The Role and Regulation of Insolvency Practitioners

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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

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Construction and Hospitality Insolvency in 2025

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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

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How the Enterprise Act 2002 Changed UK Insolvency Law

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If you’re a company director, chances are you’ve heard whispers of the Enterprise Act 2002, but what’s it actually about, and why should you care? Well, this chunky bit of legislation turned UK insolvency law on its head and still shapes how businesses are handled when they hit rough seas. At Simple Liquidation, we work

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Is Bankruptcy Right for Me? UK Rules Explained

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Let’s face it, no one wakes up and thinks, “Ooh, I fancy going bankrupt today.” But if you’re reading this, chances are you’re in a bit of a financial pickle and wondering if bankruptcy might just be the best way forward. Now, before you get bogged down in all the scary terms and legal waffle,

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Insolvency

Why UK Furniture Brand Slzzp Entered Administration

What Are the Three Different Types of Liquidation?

What Is a Phoenix Company and How Does It Work?

Who Can Legally Carry Out Insolvency Work in the UK? Lessons from Davis Acquisitions Ltd

Construction companies that couldn’t survive in 2025

Are Crypto Assets Property in Insolvency? Understanding the 420% Surge in Cases

The Role and Regulation of Insolvency Practitioners

Construction and Hospitality Insolvency in 2025

How the Enterprise Act 2002 Changed UK Insolvency Law

Is Bankruptcy Right for Me? UK Rules Explained

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