Company insolvencies: over 8,700 chain stores have closed
Recent research shows that in 2021, over 8,700 chain stores have closed due to the major shift in online shopping… Read more
Insolvency
Winding up petition debt threshold to be increased in wake of pandemic
The debt threshold for a winding up petition will be temporarily increased in wake of the coronavirus pandemic, it has… Read more
Corporate Insolvency and Governance Act 2020 – the changes in 2021
Some temporary relief measures introduced under the Corporate Insolvency and Governance Act 2020 (CIGA) are extending, the Government announced on… Read more
Insolvency: 900,000 UK businesses are ‘at risk’ of closure
One in seven UK businesses are ‘at risk’ of closure in the first half of 2021 with many coronavirus business… Read more
The number of company insolvencies reaches highest level in five years
The number of company insolvencies has reached the highest level since 2014, according to the latest data.
Government confirms that HMRC will get a higher priority when firms go bust
From April next year, HM Revenue & Customs (HMRC) will rank third, just after secured creditors such as banks and… Read more
