The latest news on Corporate Recovery

Financial distress for UK’s food suppliers

July 28, 2015|By Financial Saviour

There has been an increase in the number of food suppliers in the UK that are experiencing levels of financial distress deemed to be ‘significant’, according to new research from insolvency practitioners at Begbies Traynor.

This figure has increased by 54% over the last 12 months, emanating as a result of the highly competitive food supply market as the UK’s…

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Big news for bosses: Banning orders on the rise

July 22, 2015|By Financial Saviour

Big news emerging from the business world this week is a figure of 83% which highlights the annual jump in the number of disqualification and banning orders made against criminal company directors in the UK.

A study carried out by chartered accountants Moore Stephens has found that orders surrounding director disqualification increased from 65 to 119 in the 12 months leading up…

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New plans for bankruptcy orders

June 23, 2015|By Financial Saviour

The latest news coming in from the insolvency world is that debtors won’t need sign off from an insolvency practitioner when completing a future application for bankruptcy online.

According to inspector general and Insolvency Service chief executive Sarah Albon, debtors will find it easier to make bankruptcy petitions and that these changes to the process which are set to take…

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Do not avoid the new EU energy audit

June 9, 2015|By Financial Saviour

New research from BTG Green has highlighted that many companies could be named, shamed and face fines of up to £50,000 for failing to comply with new Environmental Agency requirements.

Even more alarming is the fact that a majority of these 16,000 UK companies are unaware of the new mandatory requirements with now less than six months until the compliance deadline.

It…

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