Tag

Insolvency

The Insolvency archive.

News

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

News

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

Outlook

Number of small businesses in distress triple pre-Covid level

Nearly 135,000 businesses in trouble with accountancy firm Mazars warning of ‘calm before the storm’.

Government Grants

Half a million businesses at risk of collapse without more support

9m jobs could disappear if 600,000 stricken businesses are allowed to go under without more Covid pandemic financial help

Accounts & Tax

Redtape simplified for small business seeking CVA protection

New standard form offers SMEs same protection from creditors as big companies who trigger Company Voluntary Arrangements (CVAs)

Legal advice

How going insolvent could be the best way to save your business

How you can save your small business by becoming insolvent. A step-by-step guide to going into administration versus a CVA.

Outlook

Why the Government’s new insolvency bill is bad news for sole traders

Anti-lockdown campaigner Simon Dolan believes the trickle-down effect of the Government’s new insolvency bill will end up hurting sole traders the most.

News

Half a million small businesses in financial distress

One in four businesses in Britain has already shut its doors, according to latest Office for National Statistics survey

Business management

How to wind up a small business – a step-by-step guide

With two out of five SMEs already closed, and many more contemplating ruin, insolvency practitioner John Bell offers to step-by-step guide to winding up your small business

News

Two in five small businesses face closure because of coronavirus

39% of small and medium-sized businesses have either already closed down temporarily or are planning to do so within next month

Accounts & Tax

5 steps to take if a company you supply goes into administration

There are steps you can take if you suspect a company you supply is heading into administration and owes you money, says Rebecca Dunne

Masterclass Series

Open Banking

Simon Cureton, CEO of Funding Options, explores the benefits of Open Banking for small and medium-sized businesses

Partner content

PayFit raises €254M to continue transforming in-house payroll for SMEs

Now valued at €1.82B, PayFit aims to strengthen its position in its current markets

Masterclass Series

Green finance

Simon Cureton, CEO of Funding Options, walks us through the 'green boom' in eco-friendly businesses along the growth of green finance

Masterclass Series

The funding landscape

This article from Tracc looks at the changing funding landscape and how business owners can improve their chance to secure funding themselves