Articles, guides, and news on insolvency issues for UK small businesses.

Employing & managing staff

How should insolvent SMEs handle redundancy?

What are your obligations to your staff if you’ve gone insolvent? How should insolvent SMEs handle redundancy?


Nearly 60% of businesses face going under

Six out of ten business owners consider throwing in towel, buffeted by inflation, soaring energy bills and an economy heading into recession


50 shops closing a day in the UK

Number of shop closures across the country hits five-year high with up to 18,000 expected to close this year

Running a Business

How to approach insolvency

The thought of placing a business into an insolvency process is daunting for any business owner. However, insolvency doesn’t have to mean game over, explains Simon Underwood of accountancy firm Menzies LLP


Insolvencies reach highest level in 10 years


Nearly 500,000 small firms ‘at risk of going bust’

Federation of Small Businesses calls on Rishi Sunak for more support to deal with ‘ticking timebomb’


What small businesses should know about Company Voluntary Arrangements 

Andrew Jagger, associate director at Moorfields, explains all you need to know about when and why to use a CVA if your business is in distress. However, there are new alternatives you should consider


Businesses in distress increase by a fifth over a year

Insolvency expert Begbies Traynor calls on government to take softer line with small firms struggling to repay Covid debt


Half a million jobs in small businesses at risk

Insolvencies expected to increase by 21% this year as small firms face myriad challenges, according to research


One third of small businesses are highly in debt

Bank of England expects the number of small businesses that collapse to rise this year as restrictions on winding-up orders are removed

Sole trader

Ceasing trading if you’re a sole trader – what to do

What do you need to do as a sole trader if you decide to wind up your business? Emma Twynholm of Hillier Hopkins offers a step-by-step guide


Nearly 17% of small businesses at risk of insolvency

Research suggests British small businesses are in more vulnerable position than SMEs in Germany and France

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5 things every small business owner needs to know before starting

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What is professional indemnity insurance?

Professional indemnity insurance provides cover if somebody sues your business and they allege that your advice caused financial loss or damaged their brand. It’s not just for accountants and lawyers but for anyone offering a personal service, even web designers

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Benefits of switching to the right business bank account

We've teamed up with the Current Account Switch Service to explain the benefits of switching your business bank account.

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Business Companion: a reliable voice in the misinformation age

Business Companion is a one-stop-shop for accurate and up-to-date legal guidance, whatever sector you’re in — and it’s all completely free