Number of retailers going insolvent 19% to breach 2000
Business

Number of retailers going insolvent 19% to breach 2000

8m Accountancy Age

Number of retailers going insolvent 19% to breach ...

Body Shop, Ted Baker, Farfetch, MatchesFashion and Wilko among latest retailer insolvencies. Number of businesses in trouble are the highest in five y...

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Can accountants stop the insolvency rot?
Business

Can accountants stop the insolvency rot?

9m Institute of Financial Account...

Can accountants stop the insolvency rot?

November 2023 saw a 21% jump in insolvencies from November 2022, as 2,466 businesses filed for bankruptcy. Is there any way of slowing these growing s...

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Insolvency statistics for Q2 ‘highly concerning’
Business Recovery

Insolvency statistics for Q2 ‘highly concerning’

1y Greg Noble

Insolvency statistics for Q2 ‘highly concerning’

There were 6,342 recorded company insolvencies in Q2, reflecting a 9% increase compared to the number of insolvencies in Q1, and a 13% increase compar...

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Accountants’ economic confidence edges up for third consecutive quarter
Brexit & Economy

Accountants’ economic confidence edges up for third consecutive quarter

2y Sam Alberti

Accountants’ economic confidence edges up for thir...

The survey paints a “brightening” picture of the global economy, according to the ACCA Read More...

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Insolvencies reach 13 year high as directors delay seeking advice
Business

Insolvencies reach 13 year high as directors delay seeking advice

2y Greg Noble

Insolvencies reach 13 year high as directors delay...

Directors are being advised to look for help as soon as their business looks in trouble Read More...

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Directors ‘leaving it far too late’ as UK insolvencies surge
Business

Directors ‘leaving it far too late’ as UK insolvencies surge

2y Sam Alberti

Directors ‘leaving it far too late’ as UK insolven...

A range of economic and political factors have compounded the issue, experts say Read More...

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SMEs ‘sleepwalking into train crash’ as UK insolvencies soar
Business

SMEs ‘sleepwalking into train crash’ as UK insolvencies soar

2y Sam Alberti

SMEs ‘sleepwalking into train crash’ as UK insolve...

The true impact of the crisis is yet to be felt, one expert said Read More...

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The NMCN collapse and pending legal investigations – lessons for accountants
Business

The NMCN collapse and pending legal investigations – lessons for accountant...

2y Helen Young and Nishma Chudasa...

The NMCN collapse and pending legal investigations...

As businesses in all sectors face a turbulent economic period ahead, the compliance bar for accountants is high when insolvency is on the horizon – NM...

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The law of unintended consequences: How a simple change threatens business rescue in the UK
Insolvency

The law of unintended consequences: How a simple change threatens business ...

3y Stewart Perry

The law of unintended consequences: How a simple c...

Insolvency figures released in January show the reintroduction of Crown Preference is wreaking serious damage on company rescues Read More...

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Loose regulation allows insolvency to be “weaponised”, MP says as APPG report casts shadow over industry
Insolvency

Loose regulation allows insolvency to be “weaponised”, MP says as APPG repo...

3y Sam Alberti

Loose regulation allows insolvency to be “weaponis...

Parliamentary report seeks to eradicate conflict of interest in "Wild West" insolvency industry Read More...

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Experts reject ‘insolvency tsunami’ predictions but advise caution
Insolvency

Experts reject ‘insolvency tsunami’ predictions but advise caution

3y Sam Alberti

Experts reject ‘insolvency tsunami’ predictions bu...

Forecasts suggesting a wave of corporate insolvencies on the horizon are alarmist, but rescue tools and advisory services should still be considered, ...

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KPMG insolvency misconduct “further emphasises” need for independent regulator, MPs say
Insolvency

KPMG insolvency misconduct “further emphasises” need for independent regula...

3y Sam Alberti

KPMG insolvency misconduct “further emphasises” ne...

The landmark case is said to have exposed patterns of neglect in the profession Read More...

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Insolvency figures mask dire reality for UK business
Brexit & Economy

Insolvency figures mask dire reality for UK business

4y Tom Lemmon

Insolvency figures mask dire reality for UK busine...

Last year’s compressed corporate insolvency statistics conceal reality of the state of the UK economy Read More...

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ACCA director: Cost of insolvency regulation unsustainable
Insolvency

ACCA director: Cost of insolvency regulation unsustainable

4y Aoife Morgan

ACCA director: Cost of insolvency regulation unsus...

Association relinquishing RPB authority Read More...

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UK insolvencies hit pre-pandemic highs
Insolvency

UK insolvencies hit pre-pandemic highs

4y Jeremy Chan

UK insolvencies hit pre-pandemic highs

December was the first month since lockdown began that insolvencies were higher than the same period year on year Read More...

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Numerous ‘perverse outcomes’ prompts parliamentary review into insolvency
Accounting Firms

Numerous ‘perverse outcomes’ prompts parliamentary review into insolvency

4y Tom Lemmon

Numerous ‘perverse outcomes’ prompts parliamentary...

Back-bench MPs call for evidence Read More...

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“Tsunami of insolvencies” likely as retail faces collapse
Insolvency

“Tsunami of insolvencies” likely as retail faces collapse

4y Leanna Reeves

“Tsunami of insolvencies” likely as retail faces c...

Insolvency partner expects more businesses falling into administration as retail group ends partnership with suppliers Read More...

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New evaluator role in pre-pack scrutiny too vague
Insolvency

New evaluator role in pre-pack scrutiny too vague

4y Jeremy Chan

New evaluator role in pre-pack scrutiny too vague

Insolvency service announces new law to scrutinise sale of pre-packs but does not specify qualifications for the evaluator Read More...

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Consultants expecting insolvencies in wake of chancellor’s Winter Economy Plan
Business

Consultants expecting insolvencies in wake of chancellor’s Winter Economy P...

4y Tom Lemmon

Consultants expecting insolvencies in wake of chan...

Second lockdown could “destroy” hospitality sector, according to consultant Read More...

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Deloitte partners face £19m insolvency lawsuit
Big Four

Deloitte partners face £19m insolvency lawsuit

4y Tom Lemmon

Deloitte partners face £19m insolvency lawsuit

Relationship between insolvency practitioners and banks under spotlight again Read More...

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High street brands restructure ahead of September storm
Business

High street brands restructure ahead of September storm

4y Leanna Reeves

High street brands restructure ahead of September ...

Job cuts, CVAs, and online presence are top priorities for struggling high-street brands Read More...

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Insolvency panel arrangements risk creating conflict of interest, says lawyer
Insolvency

Insolvency panel arrangements risk creating conflict of interest, says lawy...

4y Tom Lemmon

Insolvency panel arrangements risk creating confli...

Panel arrangements between banks and insolvency practitioners (IPs) run the risk of creating a conflict of interest, according to Joanna Ford, partner...

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Rise in insolvency and creditor action expected
Insolvency

Rise in insolvency and creditor action expected

4y Jeremy Chan

Rise in insolvency and creditor action expected

Practitioners braced for “storm” of activity Read More...

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Industry works out new moratorium process
Insolvency

Industry works out new moratorium process

4y Jeremy Chan

Industry works out new moratorium process

Moratorium provides a more debtor friendly process, but questions remain on practicality on UK insolvency Read More...

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MP calls for new insolvency regulator over ‘massive’ conflict of interests
Insolvency

MP calls for new insolvency regulator over ‘massive’ conflict of interests

4y Tom Lemmon

MP calls for new insolvency regulator over ‘massiv...

Conservative MP calls for outlaw of panel agreements and an insolvency tribunal to prevent “egregious” behaviour Read More...

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Corporate Insolvency and Governance Act 2020: A review
Business Recovery

Corporate Insolvency and Governance Act 2020: A review

4y Wayne Beck

Corporate Insolvency and Governance Act 2020: A re...

By Wayne Beck, associate, Faegre Drinker Read More...

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BDO sued for £250m: Partner admits to ‘serious dereliction of duty’
Accounting Firms

BDO sued for £250m: Partner admits to ‘serious dereliction of duty’

4y Tom Lemmon

BDO sued for £250m: Partner admits to ‘serious der...

BDO partner mistakenly described the administration of One Blackfriars Limited as objective two, not objective three Read More...

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