Insolvency Insider Blog

Running a limited company; What are a director’s responsibilities?

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

Planning for the Future: Key Considerations for Sole Directors

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.

Helping Businesses in Financial Distress: The Role of Administration

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

Worrying financial data from the retail sector

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

Embracing VUCA: Steering your business towards a resilient future

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

Navigating the Stormy Seas of Bankruptcy

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

What is an Insolvency Practitioner?

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

The Perils of Overdrawn Directors Loan Accounts

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.

Helping yourself in a cost-of-living crisis

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.

Insolvency: Planning for success and for failure

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.

Insolvency: Myth busting for directors

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.

What is overtrading and are you guilty of it?

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.

Changing tack: why it’s vital to review your business financials

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.

Act now, before it’s too late – 6 signs of a business in distress

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.

Insolvency: What can be done when distress becomes crisis

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

Even Keel Solutions
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