8th November 2018
Buried deep in the Chancellor’s recent Budget was a new measure that gives HMRC priority over other creditors when claiming money back from an insolvent business.

HMRC Overtakes Other Creditors Business Insolvency Pecking Order

Buried deep in the Chancellor’s recent Budget was a new measure that gives HMRC priority over other creditors when claiming money back from an insolvent business. The move will reinstate HMRC as a ‘preferred creditor,’ […]
7th November 2018
Struggling Wilmslow Care Home Group Put up for Sale-01

Struggling Wilmslow Care Home Group Put up for Sale

The Wilmslow-based Four Seasons care home group has been put up for sale by its American owners as anxiety grows about the future of the company. Four Seasons Health Care, which is headquartered on Station […]
5th November 2018
Northern Quarter Bar Group Enters Liquidation

Northern Quarter Bar Group Enters Liquidation

Several popular Manchester bars shut their doors last week after their owner entered liquidation. Walrus, The Blue Pig, Tusk and Rosylee in the Northern Quarter, and other venues in West Didsbury and Heaton Moor all […]
5th November 2018
Personal Bankruptcies By Lenders Up 16%

Personal Bankruptcies By Lenders Up 16%

New figures released by the Insolvency Service reveal that lenders are taking tougher action on people with problem debt. Figures show that the number of creditor-petitioned bankruptcies, a process by which lenders can force individuals […]
28th October 2018
Chancellor weighs up £1.4bn tax break for high street

Chancellor weighs up £1.4bn tax break for high street

Chancellor Philip Hammond is considering a £1.4bn tax break for the smallest high street businesses in his budget on Monday. The move would be a welcome change for many of the smallest high street businesses […]
25th October 2018
Facebook Publisher UniLad Rescued by Manchester Rival

Facebook Publisher UniLad Rescued by Manchester Rival

Social media publisher UniLad has been bought by it’s archival and city neighbour LadBible. The company that owns UniLad was slapped with a HMRC winding-up petition in July. A court heard on 4 October that […]
18th October 2018
What to do when when a bailiff calls at your home or business

When a bailiff calls at your home or business

Being in debt takes an emotional toll. One of the hardest things is not knowing if someone will appear on your doorstep or your place of business to collect a debt. Fortunately, bailiffs are heavily […]
3rd October 2018
Struggling to pay an APN? Get specialist advice from an insolvency practitioner today. Call: 0800 611 8888.

My Company Can’t Pay an Accelerated Payment Notice (APN)

Accelerated Payment Notices (APNs) are a key weapon in the government’s recent clampdown on tax avoidance. Alongside the 2019 loan charge, which targets individuals who have used disguised remuneration schemes, APNs are used to recoup […]
18th September 2018
Unilad Faces HMRC Insolvency Action

Manchester Viral Publisher Unilad Faces HMRC Insolvency Action

The student-friendly Facebook publisher Unilad has been hit with insolvency proceedings following a demand by HMRC. The taxman issued Unilad’s parent company with a winding-up petition in July, which is due to be heard in […]
10th September 2018
Rising costs and stiff competition has already lead to Prezzo, Carluccio’s, Byron Burgers and Jamie’s Italian seeking CVA deals.

Gourmet Burger Kitchen Considering CVA

Gourmet Burger Kitchen is just the latest restaurant chain to hire restructuring advisers and is reported to be looking into new rent agreements and restaurant closures, which could result in a Company Voluntary Arrangement (CVA) […]