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29th March 2023

Government starts fresh crackdown on Covid loan fraud

A new law will make it easier for tax authorities to investigate and prosecute directors that fraudulently claimed government support during the coronavirus pandemic. The Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Act could also […]

16th March 2023

UK small businesses miss out on extra energy bill support

This Wednesday, the Chancellor announced an extension of the UK’s Energy Price Guarantee for households until June. However, small businesses seem to have been left out of the deal. Originally set to expire in April, […]

6th March 2023

How to build your business credit score

Everybody knows that having a good credit score can make it easier to get a good mortgage or credit card deal. But the role of a business credit score is less well understood. Lenders, creditors, […]

27th February 2023

Business confidence hits 14-year low

Business confidence has reached its lowest level since the 2009 global financial crisis, according to the Institute of Chartered Accountants in England and Wales (ICAEW) and their Business Confidence Monitor (BCM). An accompanying report shows […]

26th January 2023

Thousands of firms at risk of collapse in 2023

Business insolvency experts are warning that thousands of firms are at risk of collapse in 2023 as the cost of living crisis continues. The number of seriously at risk firms increased by more than a […]

11th January 2023

Business energy support to be cut from April

Most businesses will see their energy bills increase this April after the government announced it would scale back support for non-domestic users. A new scheme won’t provide as much support as the Energy Bill Relief […]

7th December 2022

Rising costs pushing hair and beauty firms to the brink

The cost of living crisis is pushing many hair and beauty businesses to the brink of closure. Rising energy costs are a particular worry for hair and beauty salons, because they rely on electricity-hungry appliances […]

16th November 2022

Five signs of financial trouble for businesses

Many insolvent businesses are guilty of sleepwalking from financial strength to financial distress, particularly when times are tough. There are almost always signs of trouble during a crisis, but business owners can’t recognise them, or […]

3rd November 2022

35% of hospitality firms could go bust before next year

More than a third of pubs, restaurants and hotels risk closure by 2023, as they struggle with fewer bookings and rising food and energy costs. A fresh interest rate rise on Thursday could deepen the […]

12th October 2022

Energy cost crisis: Company insolvencies hit 13-year peak

New figures from the Office for National Statistics (ONS) show that company insolvencies in England and Wales reached a 13-year peak in the three months to June, as rising energy prices forced many firms out […]