Accountants advising businesses need to be aware of a recent High Court decision taking a narrower view on when a company can initiate a solvent winding up.
Seven years of regulatory tightening and firms’ own restructuring has ensured the roles of audit committees and internal auditors are more important than ever.
Employee ownership is often seen as an appealing exit route for business owners. But the sale itself is not the end. Price Bailey corporate finance partner Simon Blake explains the role of trustees post-sale.
While most audit committee chairs are satisfied with audit quality, a third have concerns about auditors’ ability to identify going concern issues and signs of financial distress.
Running until 31 March 2026, the new Growth Guarantee Scheme aims to support small businesses by offering loans of up to £2m, with 70% government-backed guarantees.
Corporate governance and internal control weaknesses are often the root cause of corporate failure. However, without fully understanding the subtleties at play, revisions to the Corporate Governance Code will only go so far in addressing the problems.
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 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.
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.
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.
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 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.
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.
Managing director of Perfection Alloys, Fraser Dick, speaks about how hard decisions and empathy from his insolvency practitioner helped his business successfully weather insolvency.
1 March 2021: Extending the business rates holiday for struggling companies in the retail, hospitality and leisure sectors should be a key announcement in next week’s Budget speech, a poll of chartered accountants has found.
6 January 2021: A review has severely criticised Nottingham City Council over the failure of Robin Hood Energy, while Merton Council wound up its affordable housing subsidiary before building even started to cut short its losses.
The enforced closure of business operations during lockdown has seen liquidity dry up, leaving countless companies needing external financing. Vicky Meek looks at how businesses should manage that most valuable of all commodities – cash.
