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.
Restructuring & Insolvency
Explainer: The Economic Crime and Corporate Transparency Act
The Economic Crime and Corporate Transparency Act received Royal Assent on 26th October 2023 and introduces “world leading powers” in combating criminal groups and others Suella Braverman, Home
Zombie companies in the hospitality industry – mitigating the credit risk
Zombie companies with negative balance sheets and surviving only through the indulgence of their creditors have long been a worrying feature of the UK economy, creating unlevel playing
Compensation Orders – how can they affect Directors?
There are many ways in which Directors can be made to contribute towards the losses suffered by creditors when a company fails. The best known being Wrongful Trading.
October economic and business overview
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.
Understanding the recent insolvency regulation reform
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