Displaying 1-30 of 38 results
UK company insolvencies rise to 13-year high
- Article
- 06 Feb 2023
- ICAEW Insights
After seasonal adjustment, the number of individual insolvencies began to rise as Q4 2022 was 6% higher than Q3 2022, and 7% higher than in Q4 2021. But the worst is yet to come, warns RSM.
The accountant’s role in the rogue director crackdown
- Article
- 01 Nov 2022
- ICAEW Insights
New rules make it easier to reprimand company directors who misuse company dissolution, especially to escape COVID-19 loans. Keith Tully explains the role of accountants in eliminating rogue directors and stamping out ‘phoenixism’.
The future of company restructuring tools
- Article
- 30 Aug 2022
- ICAEW Insights
Company Voluntary Arrangements and Restructuring Plans are important weapons in the insolvency practitioner’s armoury. Insolvency specialist Elaine Nolan explains how they look set to evolve following some seminal judgments.
The future of the insolvency profession
- Article
- 30 Aug 2022
- ICAEW Insights
The insolvency profession is poised to benefit from the growing need for business turnaround and insolvency expertise. However, the profession is at a crossroads due to regulatory upheaval and recruitment and skills challenges.
What does the changing face of insolvency work look like?
- Article
- 25 Aug 2022
- ICAEW Insights
Emerging roles are shifting the insolvency profession’s emphasis towards digital skills, back-office team building and empathic listening, says Mazars Partner Rebecca Dacre.
Avoiding insolvency: advice for directors
- Article
- 23 Aug 2022
- ICAEW Insights
There are several warning signs that a business may be in distress. Fortunately seeking help early from insolvency experts and understanding insolvency law and recent changes to it can help to avoid business failure.
Energy supplier collapses highlight bigger sector crisis
- Article
- 22 Aug 2022
- ICAEW Insights
The explosion of wholesale energy prices since the middle of last year has resulted in 29 energy companies failing. What has the experience taught us about the regulatory structure and insolvency process?
The accountant keeping firms on the right side of the law
- Article
- 19 Aug 2022
- ICAEW Insights
Five years working on the Robert Maxwell insolvency, an inquiry into payments transfers in the Premier League, and running KPMG’s forensic business in Russia have served Nigel Layton well, as he helps clients navigate complex supply chain due diligence.
Corporate and personal insolvency: a mixed picture
- Article
- 12 Aug 2022
- ICAEW Insights
With the end of COVID-19 support measures, the true picture of insolvencies is beginning to emerge, with corporate insolvencies rising at their fastest rate since 2012, but individual insolvencies lower.
The impact of Companies House Reform on the insolvency profession
- Article
- 29 Jul 2022
- ICAEW Insights
Reform of Companies House through the Economic Crime and Corporate Transparency Bill is critical to the insolvency and restructuring profession’s efforts in the fight against fraud.
ICAEW regulatory round-up: July 2022
- Article
- 27 Jul 2022
- ICAEW Insights
This month’s update includes further information on upcoming changes to the disciplinary framework and the latest guidance on Russian sanctions. We speak to a small independent practice about how they’re using our latest training film All Too Familiar and invite you to a crypto assets webinar.
ICAEW regulatory round-up: June 2022
- Article
- 29 Jun 2022
- ICAEW Insights
This month’s update includes new guidance on compliance for sole practitioners, the June 2022 disciplinary update, the recording of the anti-money laundering client verification webinar and opinion on the government’s audit reform plans. There’s also information on our monitoring approach for new audit quality standards, and the recently published Regulatory and Conduct Annual Report 2021-2022.
ICAEW regulatory round-up: May 2022
- Article
- 30 May 2022
- ICAEW Insights
In this month’s update, the new CCAB guidance is highlighted and there’s information on the new AML telephone monitoring reviews as well as an invitation to the Restructuring & Insolvency conference.
Amendments to Article 89 - Financial Sanctions and Insolvency Practitioners
- Article
- 05 May 2022
The Insolvency Service is aware of some individuals who may be subject to financial sanctions who are seeking to use both solvent and insolvent liquidations to circumvent the financial sanctions applied against Russia and Belarus. Read this update from the Insolvency Service for information about financial sanctions.
Managing finance professional supply and demand
- Article
- 16 Aug 2021
- ICAEW Insights
Career coach for financial professionals Oliver Deacon discusses the difficulties around hiring senior financial staff to bolster business recovery and growth. Including how to negotiate inflated salary demands.
From chartered accountant to CFO at ClearScore
- Article
- 12 Aug 2021
- ICAEW Insights
From chartered accountant in restructuring, turned business lender, to the CFO of ClearScore - Guy Buckley-Sharp exclusively unpicks his unconventional career path to lead the finance team at a household business.
What to do if your business is in trouble
- Article
- 24 Jun 2021
- ICAEW Insights
Licenced insolvency practitioners Rebecca Dacre and Tom Ahmad talk about how they can help directors when a business is in difficulty.
ICAEW technical round-up: May 2021
- Article
- 25 May 2021
- ICAEW Insights
This month’s top technical stories on ICAEW Insights include new guidance on mini-umbrella companies, information on repaying Bounce Back Loans and new powers to ban directors who dissolve companies to avoid repaying government support.
Powers to ban unfit dissolved company directors extended
- Article
- 17 May 2021
- ICAEW Insights
The Insolvency Service is set to gain new powers for cracking down on directors who dissolve companies to avoid repaying government support monies.
Business recovery: these are people we’re dealing with
- Article
- 20 Apr 2021
- ICAEW Insights
Out of necessity, insolvency practitioners are focused on compliance and best practice. But their interactions with people who have built businesses are often deeply personal – this is why empathy is vital when advising those involved in a business in distress.
Business rescue: the painful reality of a CVA
- Article
- 09 Apr 2021
- ICAEW Insights
Managing director of Perfection Alloys, Fraser Dick, speaks about how hard decisions and empathy from his insolvency practitioner helped his business successfully weather insolvency.
Business rescue: don’t wait and see before seeking help
- Article
- 31 Mar 2021
- ICAEW Insights
We’re at a pivotal point as we start the transition out of lockdown. Now is the time to engage with professional advisers, including restructuring and insolvency practitioners.
ICAEW regulatory round-up: March 2021
- Article
- 30 Mar 2021
- ICAEW Insights
This month’s regulatory content includes a diversity data deadline, news of an anti-money laundering webinar, and updates for probate firms and insolvency practitioners.
Insolvency Service targets misleading advertising
- Article
- 17 Feb 2021
18 February 2021: The Insolvency Service has reminded practitioners working with outside parties on the provision of individual voluntary arrangements to be alert for unethical advertising aimed at individuals struggling with debts.
Using audit skills to help businesses in trouble
- Article
- 08 Dec 2020
8 December: In these uncertain economic times many organisations will be looking for support in restructuring their business. Ryan Grant, partner at BDO, says accountants looking for a new challenge can use their skills to make a difference and develop their career.
Business finance concerns as Crown Preference comes into effect
- Article
- 30 Nov 2020
1 December 2020: Later than originally planned, Crown Preference has now been implemented with effect from 1 December 2020. This move essentially grants the government preferential treatment over most other creditors in insolvency procedures.
Administration: key questions remain about pre-pack sales
- Article
- 09 Nov 2020
10 November 2020: Proposed legislation which places certain conditions on connected person sales in administration is very much under the spotlight. Will the proposed regulations solve the ‘perception’ problem?
Winter economy plan: round-up of key points
- Article
- 24 Sep 2020
25 September: Rishi Sunak has unveiled a range of measures to stave off the threat of mass unemployment, including a new Job Support Scheme
A green recovery: business after COVID-19
- Article
- 15 Sep 2020
15 September 2020: Being clear about the objectives of a green recovery is vital to ensure actions lead to desired outcomes. Here, Michael Holder looks at the business angle
Action on recapitalising business after COVID-19
- Article
- 17 Jul 2020
20 July: Responding to far-reaching UK Recovery Corporation plans to recapitalise businesses post-COVID, ICAEW has raised a number of open questions to help inform and clarify policymakers’ decisions.
Displaying 1-30 of 38 results
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