Skip to content Skip to footer
Close

Restructuring & Insolvency

P2P lenders’ wind-down plans are in the FCA cross hairs: what should firms be mindful of?

On 25 May 2021, the Financial Conduct Authority (“FCA”) wrote to all of the UK’s authorised loan-based peer-to-peer (“P2P”) crowding platforms, to express its concern about areas of potential harm for investors (i.e. lenders). Amongst the four areas listed was the adequacy of current wind-down plans (WDPs), their triggers, and liquidity monitoring. In its latest communication to the P2P sector

Read More
February 15, 2024

February 2024 economic and business overview

More mixed signals on the economy mean uncertainty for UK businesses We finished 2023 with arguments raging on whether the UK was already in a shallow recession or might end up in one early this year. Now we have another batch of confusing signals. The respected EY Item Club have just upgraded their GDP growth forecast for 2024 to 0.9%

Read More
February 1, 2024

Corporate insolvencies hit a record high in 2023

Figures for December 2023 published by The Insolvency Service have confirmed that 2023 was a record year for business failures. The annual total of 26,595 corporate insolvency filings is just a little higher than the previous record of 26,556 set in 2009 at the peak of the global financial crisis. This figure is 14% above 2022 and 43% up on

Read More
January 16, 2024

January 2024 economic and business overview

In this month’s business overview, we take a look back on 2023 and investigate what growth predictions might be made for the coming year An unwelcome last minute GDP revision from the ONS harks a coming recession A quarterly movement of 0.1% in the UK’s GDP is not normally the stuff of media headlines, but when the Office for National

Read More
January 5, 2024
Opus Business Advisory Group

Opus purchases the business and certain assets of professional services firms, SKSI Limited and MLM CPS Limited

Opus Restructuring LLP, the restructuring and insolvency arm of Opus Business Advisory Group, is pleased to announce the purchase of the business and certain assets of SKSI Limited and its subsidiary MLM CPS Limited the restructuring and insolvency division of SKS Business Services, which completed on 7 December 2023. Opus Business Advisory Group assists businesses and individuals to take command

Read More
December 21, 2023

Is the UK heading for record corporate insolvencies in 2023?

The surge in corporate insolvencies for November 2023 announced by The Insolvency Service has left the UK economy on the cusp of an unwanted and deeply unenvious record. It looks increasingly as though there will be a record number of company failures in 2023, eclipsing the previous high of 26,556 at the height of the global financial crisis in 2009.

Read More
December 19, 2023
No more posts to show

Categories