Why is it Important to have a Cash Flow Plan?
If your business is to be as healthy and prosperous as it possibly can, it is essential that it is bringing in more money than is going out. While this may seem obvious, the fact [...]
Waves of Zombie Companies ‘Inevitable’ This Autumn
According to research by the BBC, the rate of firms going bust slowed during lockdown as the government’s £160bn support package managed to keep businesses afloat. However, with many government schemes now coming to [...]
UK Economy Records Largest Ever Monthly Contraction on Record in April 2020
The Office for National Statistics (ONS) had today reported that the UK economy shrank by 20.4% in April 2020, the largest-ever monthly contraction on record. These figures are a cause for real concern [...]
Wiseglass Appointed Supervisor Over Dragon’s Den Investment
On Friday 21 November 2019, Steven Wiseglass, Partner at Inquesta Ltd was appointed Supervisor of the Company Voluntary Arrangement of UK Building Products Ltd. The Gripit Plasterboard Fixing was invented by Jordan Daykin in [...]
Thomas Cook Insolvency
The reasons for the collapse of Thomas Cook have become the subject of intense debate, with no shortage of explanations being given for its demise. The figures owed to creditors are eye-watering, with the [...]
Business Community Voices Its Concerns Over Government Insolvency Reforms
Leading UK business organisations have joined forces to warn that proposed changes to the status of HM Revenue & Customs (HMRC) in insolvency proceedings could have serious repercussions for the UK economy. In last [...]
Death of the Iconic High Street Brand?
Iconic baby goods retailer Mothercare has entered into administration, putting 2,500 UK jobs at risk. Administrators from PWC announced that there will be a gradual closure of all 70 Mothercare stores in the UK. [...]
Will The Expansion of IR35 Result In Increased Liquidations
There is little doubt that IR35 represents one of the most controversial and criticised pieces of tax legislation introduced by any government in recent times. As insolvency practitioners, we are asked with increasing regularity [...]
Phoenix Companies: An Overview
It’s a situation that can cause misery for creditors caught up in the crossfire, and an issue which has not escaped the government’s attention. Phoenix companies have been the subject of significant press coverage [...]
Company Debt and Mental Health
World Mental Health Day was recently marked across the globe, with numerous stories of bravery, courage and hope shared on the pages of LinkedIn. It therefore seems an appropriate time to address the issue [...]