Thanks to years of economic and political uncertainty brought on by the pandemic, issues with the market and general malpractice in government, it is an incredibly hard time for a variety of different businesses. It doesn’t matter whether an organisation is big or small, there are common problems which are being encountered and these are …
Why Le Pain Quotidien UK Arm Falls into Insolvency Read More »
A number of different people are involved in the running of a company and the same can be said for the closing (or potential closing) of a company as well. A fundamental role in the closing of a company is that of a corporate insolvency practitioner. Insolvency practitioners are professionals who are appointed to act …
The Role of Corporate Insolvency Practitioners: What You Need to Know Read More »
Many businesses face challenges, and these challenges vary depending on what market that business operates in and what the market is like currently. Usually, businesses can overcome various challenges; however, this isn’t always the case, and some organisations enter insolvency and have to go into liquidation. The question is, what do these two terms actually …
The Impact of Insolvency and Liquidation on Small Businesses in the UK Read More »
There is no doubt that many businesses struggle and find themselves in hard financial times for many different reasons. Small businesses are more prone to becoming insolvent but it happens to larger organisations as well, as can be seen in the recent news that Virgin Orbit Holdings have recently filed for bankruptcy under Chapter 11. …
East Lancashire is facing an insolvency crisis, with the number of businesses going bust in the region rising sharply in recent years. The changing business landscape of East Lancashire East Lancashire has a long industrial history, dating back to the Industrial Revolution. The region once had a thriving textile industry, which employed thousands of people. …
A lot of the time, regardless of the market research that you put in or the budget that you have assigned to your business, it can often be the case that things just don’t happen the way that you would like them to and as such, you fall on hard financial times. If this has …
Why Simple Liquidation is the UK’s Most Appointed Insolvency Practice? Read More »
Several different terms are thrown around when your organisation is facing financial difficulty. An insolvency practitioner is one of the most common terms you are likely to see. If you have fallen on hard times, an insolvency practitioner can provide you with the help you need. What Is an Insolvency Practitioner Before we go any …
Why You Should Only Appoint Licensed Insolvency Practitioners? Read More »
When the coronavirus swept the world, governments and businesses were left scratching their heads, wondering how exactly they were supposed to deal with it. A virus of this scale had not been seen in over a century and as such, knowing what the next steps should be certainly were difficult to get hold of. Organisations …
Corporate Insolvencies Jump in the UK After Withdrawal of Covid Support Read More »
For any company or personal insolvency procedure or for the closing of a solvent business in the United Kingdom, it must be handled by a licensed insolvency practitioner (IP). But finding one that is able to handle your situation and that you can work with is another matter. However, there are several sources you can …
How Hard Is It to Find a Licensed Insolvency Practitioner in the United Kingdom? Read More »
There is a mistaken belief that insolvency and bankruptcy mean the same thing. However, whilst the terms do have similarities, there are several distinct differences between the two. First and foremost, insolvency is the financial state of a company or an individual, whereas bankruptcy is the legal procedure when an individual has been declared insolvent. …
Is There a Difference Between Insolvency and Bankruptcy? Read More »
Simple Liquidation
