The new Corporate Insolvency and Governance Bill will help maximise your business’ chance of survival throughout the coronavirus pandemic, it has been suggested.
According to the latest industry research, almost one in five small businesses fell into their overdrafts in the last year in a bid to manage their cash flow.
Company insolvencies increased to their highest annual level for over six years, the latest statistics have shown.
According to the latest official figures, the number of companies that were wound up last year following intervention from HM Revenue & Customs (HMRC) reached the highest level for four years.
According to research from accounting software platform Xero, a quarter of small business owners believe their company will go bust within the next five years.
According to official figures, the number of people facing insolvency is set to reach the highest level for almost a decade, following an annual increase of more than 22 per cent in December.
According to the latest data from the British Retail Consortium (BRC), there were around 85,000 job losses in the retail sector in the past year.
According to the latest industry research, around 16 shops are closing every single day on UK high streets as retailers look to restructure their businesses and adapt to increased levels of online shopping.
The number of company insolvencies has reached the highest level since 2014, according to the latest data.
Company directors who attempt to “sidestep” their tax liabilities by forcing their company into insolvency will face tougher penalties from next year.
The number of businesses who filed for insolvency increased by 6.3 per cent in the first three months of 2019, new figures have shown.
The Government has announced details of the first public consultation on its plans to make HM Revenue & Customs (HMRC) a secondary preferential creditor for certain tax debts which are paid by employees and customers after the insolvency of a