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It has recently been reported that the raft of fees applied by the Insolvency Service, to personal and company insolvencies, are changing from 21 July

Now that the news of the outcome of the Brexit vote has had time to sink in, urgent consideration should be given by senior management

The consequences of a vote for Britain to leave the European Union seems to have an immediate economic effect. The value of the pound has

The backbone of the economy of UK plc is supported by a large number of owner managed, small to medium, enterprises many of them limited

On 14 March 2016 a Winding-up Order was made by the High Court in England to put WSB Investment Ltd; a company which formerly traded

The Department for Business, Innovation and Skills has launched proposals for changes to the insolvency regime, including a three-month moratorium from creditor action and a

Weak productivity and increased costs such as; the national living wage, apprenticeship levy and pension auto-enrolment have curbed employers’ willingness to raise salaries. Even though

It was recently reported on this site that, in a bid to try and turn its financial fortunes around, British Home Stores (‘BHS’) was proposing

The Association of British Insurers (ABI) most recent Trade Credit Insurance survey has shown a 19% increase in the number of claims from the previous

The Insolvency Service recently reported on the circumstances resulting in a director disqualification of eight and a half years, a substantial period albeit by way

Falling UK retail sales in recent months together with average store prices being lower in March than a year earlier indicate that inflation in the

The Insolvency Service has announced changes to the way Insolvency Practitioners submit conduct reports on directors. From 6 April 2016, they will be delivered to

Workers retiring on the new state pension rate may expect to receive £155.65 per week but a study has predicted that 55% of claimants will

The law has been changed so that, from 6th April, people will be able to go online to go bankrupt. The Government argues that “the

Are you compliant? What is it? From 06 April 2016, all UK corporations and LLPs must identify those who are their ultimate beneficial owners and

It has recently been reported that the department store chain BHS (British Home Stores) is in serious financial difficulties and that 40 of its 164

Not so long ago businesses only needed to concern themselves with preventing people from physically entering company premises and accessing important data from within the

The potential exit of the UK from the EU, following the referendum in June, has led to economic uncertainty which would allegedly escalate after a

Owner/ managers of SMEs are increasingly expected to grapple and come to terms with employment legislation…take the Auto-enrolment roll-out as a recent example…not to mention

In a judgement on 11 February 2016, between the joint liquidators of Ralls Builders Limited and the former directors, Mr Justice Snowden reviewed the law

Time is of the essence if your clients wish to avoid having to deal with the new rules. Under the current rules, a distribution to

Figures have been released which show that 113,000 businesses, which represents about 6% of all UK companies, were creditors in an insolvency procedure during 2015.

It has recently been reported – following a poll of 1,000 business – that almost 23% of the UK’s Small and Medium-sized Enterprises (SMEs) had

Auto-enrolment was first proposed by the Pension Commission to address the employee ‘under-saving’ issue as far back as 2005. At that time, it could never

The 2012 Legal Aid, Sentencing and Punishment of Offenders (LASPO) Act served to abolish Conditional Fee Agreements (“CFA”), or ‘No Win, No Fee’ agreements as

Regular readers will have seen the recent rise in personal insolvency statistics and the issue is brought home at this time of year when we

In company law, a distribution in respect of share capital during a winding up is not currently treated as an income distribution for tax purposes,

In November 2015, the trade body of the insolvency profession, R3, led a coalition of ten business organisations in writing to the Justice Secretary Rt

Under new powers introduced last year H.M. Revenue & Customs (‘HMRC’) can demand disputed amounts of tax, using Advanced Penalty Notices (‘APNs’), where tax tribunals

It has recently been reported that the number of individual insolvencies in England and Wales has risen for the first time in a year. The

You may be aware that the outcome of prosecutions of company directors have been awaited in two high profile cases (USC and City Link) for

Most are aware of the doctrine of corporate personality from the time old case of Salomon v A Saloman & Co Ltd 1896 (aka Salomon

An independent pool of twenty business experts has been assembled to pass judgement on the proposed acquisition of businesses through pre-pack sales by those already

Fraud is on the up, but probably not as you might expect, as recent reports indicate that the main culprits appear to be those who

The British Business Bank, a part of HM Government which offers funding to businesses to “Start-Up” or “Scale Up” or “Stay Ahead” has announced that

Almost two in five (38 per cent) insolvent companies across the Midlands have been rescued with the help of the region’s insolvency professionals. This is

In August British construction output fell for a second straight month at its sharpest rate since late 2012 official data has shown. Construction accounts for

A new National Living Wage for the over-25s, of £7.20 per hour, will be introduced from April 2016 and it is expected that this will

In 2013, a review of UK insolvency law by Elaine Kempson (of Bristol University) identified that the routine practice amongst Insolvency Practitioners (IP’s) to charge

With ever developing digital interfaces is it any wonder that the dreaded Tax Return’s (TR) days are numbered? Well, numbered certainly in terms of hard

A recent decision by the Employment Appeal Tribunal has provided some clarification on ‘assignment’ of employees under the Transfer of Undertakings (Protection of Employment) Regulations

Under the Direct Recovery of Debts (DRD) rules, Finance Act 2015, HMRC will gain the power to collect tax debts directly from taxpayer’s bank and

The ‘Burt Report: Inclusive Support for Women in Enterprise’ was released by the Government in February this year, and does what it says ‘on the

Beijing is reaching the end of a credit cycle. It had previously managed to inflate domestic growth rate, during the global financial crisis, by forcing

The Insolvency Service has recently released its latest figures showing that the number of companies entering into formal insolvency during the quarter ending June 2015

Borrowers are being warned to prepare now for a rise in interest rates, with a reported million homeowners never having experienced a Bank rate increase.

The ruling in the recent Coventry v Lawrence case meaning that original cost agreements in ongoing cases undertaken under pre-Jackson conditional fee agreements (CFAs) or

There has been a lot of cycling going on during July 2015 that you might have seen… especially Chris Froome piloting his Pinarello over 3,500km

You will have no doubt seen recent press coverage of a Gloucester based bridal-wear company which had ceased trading and has subsequently gone into liquidation.

The Bank of England interest rate has been at its record low now for over 6 years, since it was reduced to 0.5% in March