Trading experiences, available exclusively through Top Service, are instrumental in protecting its membership of UK based construction companies from crippling bad debt. In the following case study we will highlight a particular example where trading experiences saved one of our members hundreds of thousands of pounds. The submissions of information from members led to Top […]… Continue Reading

National Insolvency figures published (14 October 2022) by the Government’s Insolvency Service have indicated that the number of registered company insolvencies in September 2022 was 1,679: 16% higher than in the same month in the previous year (1,453 in September 2021), and 11% higher than the number registered three years previously (pre-pandemic; 1,508 in September 2019). In September […]… Continue Reading

Written by Zahida Shah, Trainee Solicitor at Silverback Law Following our previous article on the Small Claims Track, this month we will be talking about matters that are allocated to the Fast Track, and what this means. What is Fast Track? When a claim is brought at court, and a Defence is received, the court […]… Continue Reading

National Insolvency figures published (16 August 2022) by the Government’s Insolvency Service have indicated that the number of registered company insolvencies in August 2022 was 1,933: 43% higher than in the same month in the previous year (1,348 in August 2021), and 42% higher than the number registered three years previously (pre-pandemic; 1,365 in August 2019). In August […]… Continue Reading

Written by Keith Tully, partner at Real Business Rescue With business insolvencies on the rise and organisations of all sizes struggling to deal with rapidly increasing costs, spotting the red flags of business failure is now more important than ever. Fortunately, there are certain issues, both strategic and day-to-day, which signal problems ahead and can […]… Continue Reading

How often do you struggle to get paid? Whether it’s late settlements or getting paid at all, many contractors spend far more time than they should chasing payments. According to Construction News this is an industry-wide problem that reaches beyond main contractors. Companies throughout the supply chain are guilty of poor practice when it comes […]… Continue Reading

National Insolvency figures published (16 August 2022) by the Government’s Insolvency Service have indicated that the number of registered company insolvencies in July 2022 was 1,827: 67% higher than in the same month in the previous year (1,096 in July 2021), and 27% higher than the number registered three years previously (pre-pandemic; 1,440 in July 2019). In July […]… Continue Reading

National Insolvency figures published (15 July 2022) by the Government’s Insolvency Service have indicated that the number of registered company insolvencies in June 2022 was 1,691: 40% higher than in the same month in the previous year (1,207 in June 2021), and 15% higher than the number registered three years previously (pre-pandemic; 1,467 in June 2019). In June […]… Continue Reading

Written by Alex Baker, Paralegal in the Commercial Litigation Team, at Silverback Law What Is The Small Claims Track? When a claim is brought at court, and a Defence is received, the court will allocate it to one of three ‘tracks’ which will determine how that case will be handled: Small Claims Track Fast Track […]… Continue Reading

The facts around the credit industry are that insolvencies are on the up, which means so is the risk to your business.  The Government’s most recent insolvency statistics show that ‘registered company insolvencies’ are 79% higher than in the same month of the previous year’. Even comparing the latest figures with pre-pandemic figures, they are […]… Continue Reading