The latest insolvency stats are available

The latest insolvency stats are available

The Insolvency Service releases insolvency stats on a monthly basis. It used to do so quarterly but the reporting is now much quicker. In short, in September 2023 there were: 255 compulsory liquidations 1,576 creditors’ voluntary liquidations (CVLs) 125...
The Big Squeeze: Another Credit Crunch On The Horizon?

The Big Squeeze: Another Credit Crunch On The Horizon?

As interest rates rise yet again, businesses across England and Wales may find themselves feeling the squeeze, as a credit crunch looms. In an environment where borrowing costs are going up, managing cash flow becomes even more critical. This situation is especially...
Have You Hit A Brick Wall Getting Your Customers To Pay On Time?

Have You Hit A Brick Wall Getting Your Customers To Pay On Time?

Maintaining a steady cash flow is vital for any business and getting clients to pay on time, plays a huge role. If you find yourself hitting a wall when it comes to timely payments, it is crucial to understand the reasons behind this issue. Cash Flow Challenges One...
Up in Smoke: How Poor Cash Flow Can Lead to Business Insolvency

Up in Smoke: How Poor Cash Flow Can Lead to Business Insolvency

Cash flow is the lifeblood of any business. It is the fuel that keeps operations running smoothly, enables growth, and ensures financial stability. If it isn’t maintained, a business can go up in smoke. Proper management of cash flow is essential for sustaining a...
Fixed Recoverable Costs in Civil Claims – Big Changes Are Coming

Fixed Recoverable Costs in Civil Claims – Big Changes Are Coming

After a very long consultation period, fixed recoverable costs in civil claims are looking likely to be introduced in October 2023. The detail is still subject to formal confirmation but what has been set out is likely to be approved by and large. The drafts are...