Insolvency Insider Blog

Maintaining a healthy financial balance is essential for the success and growth of any business.

Entering liquidation can feel daunting, but having a roadmap of what to expect can make the process less stressful. Here is an overview.

Most companies are born out of an idea, a concept, or a new product.  Limited companies are started with those elements in mind.

As the sole director of a UK limited business, it’s critical to make plans for when you want to step back from its active management.

For companies facing financial hardship, administration provides a formal legal process to rehabilitate and work towards restoring solvency.

As the ‘cut back economy’ continues, there is worrying evidence from the retail sector that indicates there is more trouble to come.

In today's ever-changing and unpredictable business landscape, the concept of VUCA has become more relevant than ever before.

‘Bankruptcy is one way for individuals to deal with debts they cannot pay. It does not apply to companies or partnerships,’ says HMRC.

An Insolvency Practitioner (IP) is a licensed professional who offers insolvency services to businesses and individuals who are in financial distress.

Corporate insolvencies have unfortunately been on the increase in recent months with national statistics showing they’re up by 18% in Q1 2023 versus Q1 2022.

The increase in the cost-of-living is still hitting headlines. Inflation has eased ever so slightly but it is still eye wateringly high (above 10% at the time of writing) and impacting on all of our daily lives.

I read an article recently from a larger insolvency practitioner firm, they had handled the closure of Debenhams and had since conducted a survey or 250 mid-sized to large retail businesses. The findings were startling.

There are several myths surrounding insolvency in business, which often lead to confusion and poorly planned actions. Even Keel Solutions have compiled this list of the most common myths within the industry.

A Director starts a business, usually because of enjoying a trade, service or having a passion in some sphere that they wish to share with others. They build the business and hopefully will grow exponentially.

Reviewing your business finances regularly is fundamental to its success. You might find it surprising that Even Keel Solutions as an Insolvency Practitioner give this advice freely.

If you’re leading a business and you’re finding it tough going, planting your head firmly in the sand is not a workable strategy. You may feel alone. But you’re really not.

It is possible to work through a crisis towards recovery. The key being to act early, when the first signs of distress are noticed.