Tag

Insolvency

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

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

News

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

Accounting

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.

News

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.

Accounting

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

News

Small business insolvency rises by 6pc in first quarter

4,187 companies become insolvent between January and March this year, according to The Insolvency Service, while 484,000 UK businesses are in significant distress

Business Loans

A guide to getting a small business loan

Everything you need to know on what small business loans are and what types of loan are available for your business.

Partner content

What are the funding options for hospitality businesses?

Hospitality businesses have faced a number of challenges in the last couple of years. Find out what funding and support is available.

Employing & managing staff

The importance of vocational rehabilitation services for SMEs

In Aviva’s latest SME research*, 57 per cent of employers surveyed agreed that nowadays employees expect benefits to protect against loss of income or earnings. What do you offer your people?

Partner content

What are the benefits of business broadband?

Business broadband offers a host of advantages over standard domestic connections, here’s why you should be considering an upgrade