The latest figures from UK Finance on business finance and from the Institute for Public Policy Research (IPPR) on investment have left pundits wondering where the UK economy is headed. Positive as some aspects of the UK Finance statistics may be, they still give some cause for concern. By contrast the IPPR numbers are unambiguously poor. Appetite for funding UK
All businesses go through phases and cycles: from formation to growth to plateauing and, in some cases, on into decline and beyond. Good management sees the red flags early and takes corrective action before the downturn sets in and becomes irreversible. Here, we outline the critical warning signs and the process of recovery, which is outlined in this diagram. Budget
Late payments, especially by large businesses delaying settlements to smaller ones, have been a bone of commercial contention for decades. Beyond the devastation it causes to the cash flow of the victims, capital investment is often inhibited and at a time when this is so badly needed to boost the UK’s faltering GDP growth. In theory, an unpaid creditor can
What happens to the funds raised by Insolvency Practitioners (IPs) after they are appointed as Administrators or Liquidators? This is a mystery to almost everyone outside the insolvency profession and is so often the source of huge misunderstanding and upset amongst those stakeholders who find themselves at the end of the queue for distributions. The best way is to look
Shocking corporate insolvency figures for March just published by the Insolvency Service have revealed the magnitude of the problems faced by businesses up and down the UK as the ending of the government’s support scheme for energy costs on 1 April 2023 approached. The comparisons with past business failures figures is sobering: March 2023 was up 38% on the previous
The economic news might not be as gloomy as a few months ago, but the UK’s GDP is flatlining and the IMF is predicting we will be one of the worst performers in 2023 among leading economies. Surely this is no time for ambitious expansion or opportunistic acquisitions? Or is it? After the challenges of the pandemic and the impact
