Introduced in 2020, the Restructuring Plan builds on the principles of a Scheme of Arrangement (A compromise or arrangement between a company and its members or creditors), but importantly prioritises the rights of creditors who stand to benefit from the terms of the plan, allowing them to take precedence over those classes of creditors with […]… Continue Reading
A message to Top Service members from Emma Reilly FCICM, CEO at Top Service Ltd & Credit Expert… Continue Reading
For more than three decades we have been seeking feedback from both clients and team members about how we can improve our services and elevate our levels of customer service. The majority of our service enhancements over the years have been as a result of this valuable feedback for which we are very grateful. As […]… Continue Reading
Never underestimate the power of completing and submitting your insolvency paperwork—it’s your key to navigating the insolvency process as a creditor! We asked our friends at PKF to share their thoughts with us and our members. Submitting a proof of debt form when receiving notice of an insolvency is important as this will not only […]… Continue Reading
There were 1769 company insolvencies registered for January 2024, reported by the Insolvency Service. Made up by: 339 compulsory liquidations 1294 creditors voluntary liquidations 120 administrations 16 CVA’s Compared to January 2023, there has been a 5% increase in company insolvencies in January 2024. A proactive approach to credit management will help to support businesses […]… Continue Reading
Amidst the news that the UK has officially entered recession, businesses are seeking ways to minimise debt and maximise cash flow. The economy shrunk by a larger than expected 0.3% between October and December, after it had already contracted between July and September. The UK is in recession if it fails to grow for two […]… Continue Reading
Communities in the London boroughs of Newham and Southwark are to benefit from the acceleration of thousands of new homes, across three major brownfield regeneration projects, through a pioneering partnership. Reflecting the strong need in London for affordable homes, 40 per cent of the new homes on two of the sites, which have planning permission, […]… Continue Reading
All major housing developments are now required to deliver at least a 10% benefit for nature with England becoming the first country in the world to make Biodiversity Net Gain a legal requirement. Biodiversity Net Gain (BNG) will apply to applications for major developments only and will be implemented for small sites (between 1 and 9 […]… Continue Reading
Companies House is aiming to introduce the first set of measures under the Economic Crime and Corporate Transparency Act on 4 March 2024. The Economic Crime & Corporate Transparency Act gives Companies House the power to play a more significant role in disrupting economic crime and supporting economic growth. What will change? The first set […]… Continue Reading
We have confirmed that Readie Construction Ltd entered Administration Readie focused on projects that valued between £5m – £100m, primarily in the industrial and commercial sectors. The company has been running for 16 years and according to the last accounts for the trading year ending 31st March 2023 had a pre-tax profit of £ 1.73 […]… Continue Reading
