A phoenix operation is when a company is liquidated and the directors simply buy its assets cheaply, set up a new company, and continue to trade with the same or a similar name. Hiding previous failures from the public, it lets them leave creditors with nothing. As phoenix operations rise from the flames, it’s often […]… Continue Reading

National Insolvency figures published (19 Jan 2022) by the Government’s Insolvency Service have indicated that the number of registered company insolvencies in December 2021 was 1,486: 20% higher than the number registered in the same month in the previous year (1,237 in December 2020), and 33% higher than the number registered two years previously The published report […]… Continue Reading