There are many reasons why companies need to be closed. Sometimes it can be single-purpose companies that have achieved their objective, such as the completion of a property development, or a charity dedicated to dealing with a specific social issue which is achieved its purpose. Other reasons could be the retirement of the owner, or the mutually agreed ending of
As we continue on what looks to be an uncertain road through the UK economy in 2025, all eyes have turned to the USA and the second incarnation of Donald Trump as the 47th US President. The threat of tariffs hangs over the world, potentially affecting many industries and businesses. The UK cannot escape the new global economic realities. The
In the challenging world of commerce, financial difficulties are an inevitable reality for many companies. Whether driven by economic downturns, rising costs, or market disruptions, these pressures can place a strain on even the most resilient businesses. Restructuring can offer a practical solution to regain control, stabilise operations, and pave the way for long-term recovery. But knowing when and how
Our latest UK hospitality sector report published last November highlighted a marked deterioration in the industry’s finances, as well as a worrying reduction in its size. We speculated that the outcome of the key Christmas and New Year trading season would be vital for prospects in a challenging year ahead in 2025. We are now beginning to get a sense
Creditors’ Voluntary Liquidations (CVLs) are by far the most common UK corporate insolvency process. In the last ten years, CVLs have averaged 74% of all UK business failures, rising to 85% in the last three years. There have been an average of 16,808 CVLs per annum over the last ten years. In 2023, CVLs were at their highest levels for
Amid the top-line triumphs of certain high profile retailers being trumpeted in the media, the early judgment on the 2024/25 festive season has been largely negative. This article considers the position of retailers after a disappointing Christmas. The fear is that disappointing trading has left many businesses in a risky position ahead of the Budget cost implications set to take
