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.
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.
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.
