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

News

Construction, retail and food and drink hit hardest as insolvencies rise

3,967 businesses ceased trading in the first quarter of 2017 due to an increase in insolvencies in UK small businesses.

News

UK insolvency levels set to increase five per cent over 2017

UK expected to face the sharpest rise in business insolvency of any EU economy over next 12 months, study reveals.

News

1093 small businesses are scheduled to cease trading in January

760 businesses ceased trading in December 2016 with another 1000 expected to cease trading and close in 2017.

News

Business insolvencies on the rise, study finds

Statistics released by the Insolvency Service for Q3 2016 show a 2.2 per cent rise in corporate insolvencies, following the drop in the previous quarter.

Legal advice

European Commission plans to reform business restructuring and insolvency rules

Vanessa Crawley looks into what Brussels’ new proposals on bankruptcy protection will mean for small businesses in the UK.

Accounting

A small business perspective on insolvency

Here, we present the solutions available to directors facing insolvency.

News

Insolvency rates down across the board 

Fewer UK businesses failed in 2012 than the previous year, with 1.04 per cent of the business population failing compared to 1.10 per cent in 2011.

Accounting

Insolvency and the importance of cash flow

A growing number of small businesses are simply closing down and abandoning their debts to avoid the associated costs of formal insolvency.

News

SMEs not protected by insolvency law

A survey reveals that 96 per cent of businesses believe insolvent companies should not be allowed to take advantage of pre-pack administrations.

Legal advice

How to avoid insolvency

It's a grim fact that up to 80 per cent of new businesses launched each year fail, most within the first five years of operation. Once cash flow has dried up and creditors start knocking on the door, the most likely action taken by UK entrepreneurs is to declare bankruptcy.

News

Goodbye to pic ‘n’ mix – The demise of Woolworths

The century-old chain of Woolworths is the first high-profile casualty of the year. As it closes its doors for good, what lessons can be learned?

Legal advice

Dealing with business failure – Bankruptcy vs an IVA

According to the latest figures released by business analyst and information service Experian, corporate insolvencies in the UK have fallen by 8.8 per cent during the first three months of 2007 compared to the same period the previous year.

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