COVID-19 causes business debt to drop by ?189m
The impact of COVID-19 has seen a sharp drop of ?189 million in insolvent business debt during the last quarter, according to a new study.
Insolvency risk and gender: Is there a link?
New research reveals that male dominated SMEs are more likely to run into the red, but do these findings reveal more about gender relations rather than risk appetite and insolvency in general?
The risks for a holding company when a subsidiary goes insolvent
Insolvency practitioner Gavin Jones discusses the kind of damages that might be claimed from a holding company or its directors in the event of the insolvency of a subsidiary ? and the defences that might be available to mitigate these.
Difference between liquidation and administration
After running into financial difficulties in 2017, Carillion has gone into liquidation. While often bandied around in the news, it?s not a term you?ll find explained, which has left some to ponder the difference between words such as liquidation and administration.?
More businesses reporting signs of financial distress
Dwindling growth prospects and business confidence is leading to increased financial distress amongst the UK SME community, new evidence shows.
Agent Provocateur’s unsecured creditors will be left with a whopping ?20.7m bill
Following the news that Agent Provocateur went into administration, with an immediate “pre-pack” sale of the business and assets to a buyer backed by Mike Ashley, it has emerged that unsecured creditors are likely to receive 2.9 pence for every pound they are owed.
Agent Provocateur and Mike Ashley ? a risqu? business?
The luxury lingerie business Agent Provocateur was sold for around ?30m last week by its private equity owners 3i, in a controversial pre-pack administration to Mike Ashley, the billionaire behind Sports Direct.
HMRC cracks down on SME directors
Vernon Dennis explains why, despite the UK tax gap being at a record low, HMRC has placed SMEs in its crosshairs as a way of reducing it even more.
New insolvency rules look to reduce casualties as a result of domino effect
On 6 April 2017, a new set of insolvency rules will hit the UK. Many people reading this may think this will be of little significance to them, but that’s not the case.
Going into insolvency: Charting the decline and end of my 20 year-old business
Writing exclusively for Real Business, Jan Cavelle will be chronicling the events and moments that led to her manufacturing business going into insolvency.
New Act offers an easier way to resolve some insolvency issues
What happens if you have a financial claim against a person or company who turns out to be insolvent? If it has liability insurance then a new piece of legislation may make it easier to recover your losses.
A look at the contents of the Small Business, Enterprise and Employment Bill
It serves as the centrepiece at the heart of the government's commitment to make the UK the best place in the world to start and grow a business – the kind of vintage glass of port at the end of a meal it hopes people will be waxing lyrical about in the future. But what exactly is in the Small Business Bill – Real Business has had a look.