The number of pre-pack Administrations has increased dramatically since new regulations came into force in 2021 aimed at bringing more scrutiny and transparency to the asset sales they facilitate. Since the introduction of the Administration (Restrictions on Disposal etc. to Connected Persons) Regulations 2021, the number of pre-packs has risen 171% from 201 in 2021 to 545 in 2023, according
The UK road haulage industry has been battling with significant driver shortages for decades. The crisis peaked in 2021 during the pandemic when the Road Haulage Association (RHA) reported a staggering shortfall of over 100,000 qualified HGV drivers. The situation has eased with the latest estimates suggesting the shortage could be down to around 50,000, but the crisis is far
Most sectors of the economy and the public in general are at the mercy of the increasingly poor state of the UK’s infrastructure, but few industries suffer more than the road hauliers as they battle to navigate crumbling roads, attempting to be as efficient and cost-effective as possible. Adverse commercial impacts from poor infrastructure The commercial issues for the industry
The history of the Buy-to-Let market The origins of the buy-to-let boom go back to legal changes relating to tenancies in the 1990s and a favourable tax regime for landlords. The sector enjoyed runaway growth, but the tide began to turn in 2016 when the Chancellor, George Osborne cut tax relief for property investors and ended a key landlord tax
Within a week of its election in early July 2024, the new government was shouting from the rooftops about its ambitious plans to address the UK’s housing crisis by building 300,000 new homes a year over the five-year life of the current parliament. This is mainly to be facilitated by significant reforms to the planning system, which the major housebuilders
The corporate insolvency statistics for July 2024 published by the Insolvency Service showed that it was another worryingly busy month for business failures, although it was quieter than the preceding month. There were 2,287 insolvency filings, compared to 2,487. Nevertheless, this July’s figure was higher than the same month in any year since before the pandemic in July 2019. As
