It’s a volatile time for the global economy, with armed conflict, ransomware and supply chain issues affecting many companies. Insolvency is always a potential threat, even when recent profits have just been posted. That means […]
Acquisitions that go wrong are a top cause of business insolvency, according to Purbeck Personal Guarantee Insurance, which has analysed claims from business directors for personal guarantee insurance, following insolvency. Not being close to business financials […]
Court Case report from The Insolvency Service; Yorkshire-based boss of finance company found guilty of fraud, false accounting and forgery after abusing millions of pounds of investors’ money to buy racehorses and fund other businesses. […]
There are more businesses going under as inflation, rising wage demands, plus other overheads all make it harder to squeeze a profit from retail, manufacturing, distribution and many more sectors. Here’s some comment on the […]
Is the UK in a recession? Some stats say yes, others say not quite, but the rising number of company insolvencies is a strong indicator to Commercial insurance brands that claims are likely to rise […]
The most recent stats from the UK Insolvency Service show that rates are on the up as the recession deepens. Fact is, lockdowns have consequences and once Bounceback loans and 10K grants are exhausted so […]
Latest fraud case report from the Insolvency Service; Marian Daniel Clipici, aged 35, has been disqualified as a director for 7 years after failing to keep adequate accounts while his business was trading. Marian Clipici, […]
Latest case of Bounce Back Fraud, from HM Govt; The Director of vehicle body repair company took a £50,000 Bounce Back Loan, even though company was no longer trading. Anthony Stephen Miller, 48, from Blackburn […]
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