The Insolvency Service has just published its three-year review of the implementation of the latest piece of UK insolvency legislation, the Corporate Insolvency and Governance Act 2020 (CIGA), noting that while its provisions were broadly welcomed initially, the take up of the its procedures have been modest at best. By the end of June 2023, there had only been 45
In our interconnected world and rolling news cycles, reputation damage can occur at a lightening pace. Two very recent examples include the crisis at CBI after sexual misconduct claims and Natwest’s handling of the de-banking of Nigel Farage by its elite subsidiary, Coutts. But, while these cases involve the upper echelons of the UK business world, such reputation management issues
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 matter so much. Now there is a High Court ruling in the case of Avanti Communications, which simultaneously introduces both more flexibility and more uncertainty about the key characteristics of a Fixed
The latest figures from UK Finance on business finance and from the Institute for Public Policy Research (IPPR) on investment have left pundits wondering where the UK economy is headed. Positive as some aspects of the UK Finance statistics may be, they still give some cause for concern. By contrast the IPPR numbers are unambiguously poor. Appetite for funding UK
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 early and takes corrective action before the downturn sets in and becomes irreversible. Here, we outline the critical warning signs and the process of recovery, which is outlined in this diagram. Budget
The economic news might not be as gloomy as a few months ago, but the UK’s GDP is flatlining and the IMF is predicting we will be one of the worst performers in 2023 among leading economies. Surely this is no time for ambitious expansion or opportunistic acquisitions? Or is it? After the challenges of the pandemic and the impact
