How Does Pre-Pack Administration Work?

Posted by kjgcr
On April 3, 2017
0 Comments

When a company is struggling to pay its debts, the biggest risk it faces is enforcement action from creditors seeking a firesale of assets to pay off debts, putting the business at risk of liquidation. Administration is intended to protect insolvent companies, at least temporarily, from that outcome. By handing over the reins of the […]

How will 2017 Shape Corporate Insolvency?

Posted by kjgcr
On January 23, 2017
0 Comments

After the upheavals of 2016, it is understandable that the New Year has been welcomed in most quarters with something of an air of trepidation. A typical example of the prevailing mood is the publication of a report from R3, the Association of Business Recovery Professionals, which paints a sombre picture of how insolvency and […]

Are Businesses Getting Enough Help Fighting Financial Hardship?

Posted by kjgcr
On January 9, 2017
0 Comments
CVA, Debt, insolvency, liquidation

With hindsight, 2016 could certainly have been a lot worse for British businesses dealing with Financial Hardship. Not that things have been all that great – the grey fog of a near decade of sluggish growth is certainly showing no signs of lifting just yet. But the fact that the predicted chaos and pandemonium of […]

Why SMEs are Key Targets For Cyber Scammers

Posted by kjgcr
On November 28, 2016
0 Comments
BDE, Blog, CyberCrime, SME

Businesses are acutely aware of the need to secure their data assets to prevent attacks from Cyber Scammers, yet how many of them actually do? According to government figures, cyber crime costs the UK economy £27 billion each year, and 22 per cent of people believe that they could be targeted by fraudsters. Yet […]

New Insolvency Rules to be Rolled Out in April 2017

Posted by kjgcr
On November 18, 2016
0 Comments
2017, Government, insolvency, Rules

The Government has announced that the publication of a new set of Insolvency Rules which will come into effect in April 2017. Following lengthy consultation with insolvency practitioners, accountants and the legal sector, the Insolvency Rules have been re-written for the first time since 1986. The revised rules will incorporate changes made to insolvency regulations […]

Posted by kjgcr
On October 21, 2016
0 Comments
Blackfriday, Deals, Sales

How YOU can find the best bargains on Black Friday at Tesco, the biggest shopping event of the year. We make a prediction on what’s to come from Tesco for Black Friday 2016 and the shopping hacks to help you nab everything you really want. Last year Tesco went all out on tech deals for Black […]

Posted by kjgcr
On October 10, 2016
0 Comments
PAYE, TAX, VAT

First things first, if your business has tax arrears (VAT, PAYE, Corporation Tax) you are not alone. In fact, in the vast majority of insolvencies, Crown departments are amongst the largest creditors by value. Of course, when considered objectively, this shouldn’t actually be that much of a surprise. When financial difficulties strike, most Company directors are […]

The silent rate hike

Posted by kjgcr
On September 29, 2016
0 Comments

Money market reforms that come into effect next month have pushed Libor higher, and this key interest rate may stay elevated

Posted by kjgcr
On September 29, 2016
0 Comments
business debt, Debt

The UK must this year borrow £131bn to repay its old debts and meet the day-to-day costs of running the nation. But with the country reliant on international owners of its debt, Elaine Moore asks: can it continue to attract foreign investors?

Debt stress ‘inflicting real damage on children’s mental health’

Posted by kjgcr
On September 29, 2016
0 Comments
children, Debt, Mental health, Millennium Cohort Study, Sunday Post

Bailiffs, utility firms and local councils who chase struggling parents over unpaid debts may be unwittingly inflicting real damage to children’s mental health, a charity has warned.

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