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14th February 2019
The construction industry was the worst affected by company insolvencies in 2018, with almost 3,000 companies unable to pay their bills. This is a 12% increase on the previous year. A total of 2,954 construction […]
11th February 2019
When a company is insolvent, directors have a legal responsibility to take action. At this point, the directors should approach a Licensed Insolvency Practitioner who will advise them on the best course of action. Depending […]
5th February 2019
Average weekly household spending climbed to £572.60 in 2018, the highest level since 2005. But statistics from the Office for National Statistics reveal that families had to borrow more or use up savings to fuel […]
28th January 2019
More than one-in-ten (11%) UK firms are only paying the interest on their debt, rather than the debt itself, which is one sign of a ‘zombie business’ according to restructuring trade body R3. Zombie businesses […]
27th January 2019
Unsecured household debt has risen to a fresh peak, with debt per household reaching £15,385, according to analysis by the TUC. The trade union group claims that government austerity and years of wage stagnation are […]
22nd January 2019
Upmarket stationary retailer Paperchase has reportedly called in advisers to explore a potential Company Voluntary Arrangement (CVA) that would help the company cut costs. The Telegraph reports that the chain, which has outlets across Greater […]
21st January 2019
Credit card debt can pile up quickly, particularly around expensive times of year like Christmas. As statements from the festive period begin landing on doormats, we take a look at how you can pay off […]
14th January 2019
Best Money Management Apps to Get Debt Free in 2019 Are you struggling to balance the books each month? Want to turn your financial fortunes around in 2019? Fortunately, there are some technological solutions that […]
12th December 2018
Insolvent companies are threatened by closure. Furthermore, directors that continue trading while a company is insolvent can be accused of wrongful trading and may be banned from barred from setting up or running another company […]
12th December 2018
Racked up big credit card debts in the last few months and worried about how you will pay them off? Here are our top tips to help you get back on top of the plastic. […]