The Insolvency Service has released the latest statistics for August 2024, offering key insights into the state of insolvency in the UK. These figures are essential for businesses looking to understand the current economic climate and adapt accordingly. Key Highlights for August 2024: Breakdown of Insolvency Types: Yearly Comparison of Insolvency Types (August 2023 vs […]… Continue Reading
In the world of construction, where timelines stretch over months and sometimes years, managing cash flow can be a challenge. One of the most overlooked aspects in this arena is the retention fund—a small but significant percentage of the contract value held back by the main contractor. This practice, while common, often leads to large […]… Continue Reading
It’s no secret that the surety market has hardened and we are currently experiencing a contraction of capacity, restriction of acceptable wordings and underwriters, and their reinsurers, are being far more risk adverse than previously. With this in mind, we spoke to our friends over at Attis Credit Solutions about the impact the changes in […]… Continue Reading
Insights from the latest insolvency statistics released by The Insolvency Service for July 2024. These figures offer a valuable look at the current insolvency landscape in the UK and can help your business navigate these challenging times. Key Highlights from July 2024: Total Company Insolvencies: There were 2,191 company insolvencies in July 2024, reflecting a […]… Continue Reading
A Winding-Up Petition can significantly impact a company, especially with the rising number of Compulsory Liquidations. It’s crucial to grasp the processes, risks, and consequences involved. In our final installment, we shed light on the public visibility of winding-up petitions and their implications. Special thanks to Alison Beard and our partners at Silverback Commercial Law […]… Continue Reading
A Winding-Up Petition can have a detrimental impact on a company and with the number of Compulsory Liquidations rising it’s important to understand the processes, risks and consequences of Winding-Up Petitions, we explain these below. Special thanks to Alison Beard at Silverback Commercial Law Services Limited Law for their support. In this series we explore the outcomes of petition hearings, starting […]… Continue Reading
Join Emma Reilly FCICM and Alison Beard from Silverback Commercial Law Services Limited as they continue to delve into winding-up petitions, outlining the process and consequences of potential compulsory liquidation. In this installment of our series, we continue to explore petition hearing outcomes. Join us as we delve into adjourned and withdrawn petitions and their […]… Continue Reading
A Winding-Up Petition can have a detrimental impact on a company and with the number of Compulsory Liquidations rising it’s important to understand the processes, risks and consequences of Winding-Up Petitions, we explain these below. Join our CEO Emma Reilly FCICM and Alison Beard from Silverback Commercial Law Services Limited Law as they discuss the process to support and how […]… Continue Reading
A Winding-Up Petition can have a detrimental Impact on a company and with the number of Compulsory Liquidations rising it’s important to understand the processes, risks and consequences of Winding-Up Petitions, we explain these below. Part 3 of our series explores the cost implications of winding-up petitions and the procedural journey involved. Special thanks to Alison Beard at […]… Continue Reading
A Winding-Up Petition can have a detrimental Impact on a company and with the number of Compulsory Liquidations rising it’s important to understand the processes, risks and consequences of Winding-Up Petitions. In this segment, Emma Reilly FCICM and Alison Beard delve into the details of disputed balances and what factors to consider before initiating a petition.… Continue Reading
