In this monthly update, we take a closer look at the latest UK economy stats and discuss what they may mean for UK businesses in the coming month. UK GDP However much the Office for National Statistics fiddles about revising past GDP numbers by a few tenths of a percentage point, the reality is that the UK economy is bumping
Business investment, which accounts for about 13 per cent of the UK’s GDP, has lagged behind other developed economies for decades. It has been an average of 36% lower than other members of the G7 since 1990 according to a report published this year by The International Monetary Fund (IMF). Looking at the latest disruptions caused by Brexit, the pandemic
The government consulted in 2021 on its proposals to reform and modernise the regulation of insolvency practitioners (IPs) and the insolvency market more widely. It has now published its intentions, having taken into account the responses to its proposals. The reaction from the insolvency world has been a broad welcome, but with some concerns. No single insolvency regulator This was
Selling a business can be a complex process and not least when trying to find the ideal buyer. Business owners who are looking to sell their business as a whole and locate a buyer who is on the same page can be tricky, leading to a lengthy process and less profitable outcomes. This is where a management buyout (MBO) could
The latest statistics for UK insolvencies published by The Insolvency Service have prompted some comment about the apparent surge in businesses being liquidated through the creditor-enforced Compulsory Winding Up (CWU) route, with some suggestions that creditors are being far tougher on struggling debtors. Compulsory Winding Up – comparison with 2022 The figures for the seven months to July 2023 showed
Opus Edinburgh is a specialist restructuring and insolvency practice based in the heart of the city. We aim to work closely with local corporates, SMEs and Business Owners that are in difficulty, in order to find the best solutions and move forward decisively. The world of restructuring and insolvency can be complex to navigate, which is why we are on-hand
