Interest rate rises hitting embattled care home finances hard
A wide-ranging article this week in the Financial Times highlighted the plight of care home finances as operators struggle with surging interest rates. The article quotes a number
Restructuring & Insolvency
Business insolvencies soar by 60% in June
The corporate insolvency statistics for June 2023 published today show an ongoing and worrying trend for UK businesses. A perfect storm of interest rate rises, savage input costs
Scottish care home closures surge as deadlock over state funding continues
The appointment of Opus Restructuring & Insolvency as provisional liquidators to supervise the continuing trading and eventual winding down / closure of Hogganfield care home in Glasgow and
Fixed and floating charges – a crucial new judgement
Those outside the lending and insolvency communities could be forgiven for struggling to understand the difference between Fixed and Floating Charges over business assets and why it can
Business decline and turnaround – spotting the warning signs and acting decisively
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
Late payments – a challenge for strong and weak businesses alike
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