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Restructuring & insolvency

Company voluntary arrangements ("CVA") - A valuable restructuring tool in a post pandemic world

CVA’s are often associated with large multi-site retailers seeking to restructure shop-lease portfolios however they are much more than this. 

Strategies to help businesses prepare for post lockdown

The Covid-19 measures taken by  HM Government to protect the NHS and  the UK population’s health has inevitably had an adverse impact on businesses to varying degrees. It has been a very busy few months whilst businesses have sought to adapt and safeguard their positions for the future.

Strategies to help businesses prepare for post lockdown

The Covid-19 measures taken by  HM Government to protect the NHS and  the UK population’s health has inevitably had an adverse impact on businesses to varying degrees. It has been a very busy few months whilst businesses have sought to adapt and safeguard their positions for the future.

Improving your credit score

Any organisation or individual requiring credit should be aware of how they will be assessed for credit risk.  One of the tools used by any potential lender or supplier will be the borrower’s credit score also known as a rating.  A borrower may not know what their score is from one day to another but should be aware of how it is assessed and viewed.

Improving your credit score

Any organisation or individual requiring credit should be aware of how they will be assessed for credit risk.  One of the tools used by any potential lender or supplier will be the borrower’s credit score also known as a rating.  A borrower may not know what their score is from one day to another but should be aware of how it is assessed and viewed.

COVID-19: INSOLVENCY MEASURES & THE PRACTICAL IMPLICATIONS

The Government announced on 28 March 2020 new insolvency measures to support businesses under pressure as a result of the coronavirus pandemic. Below, we explore below the proposed amendments to insolvency law and some of the other practical implications that have arisen due to social distancing guidance.

COVID-19: INSOLVENCY MEASURES & THE PRACTICAL IMPLICATIONS

The Government announced on 28 March 2020 new insolvency measures to support businesses under pressure as a result of the coronavirus pandemic. Below, we explore below the proposed amendments to insolvency law and some of the other practical implications that have arisen due to social distancing guidance.

Don't fall for this scam

The Insolvency Service has issued a warning that fraudsters have been contacting investors in insolvent schemes claiming to be from the Official Receiver's office or to have been appointed by the Official Receiver to help recover funds for a fee.

What restrictions are there during bankruptcy?

Once a debtor has entered bankruptcy, he or she has certain restrictions placed on their actions and conduct. Neil Dingley of Moore Recovery Stoke on Trent explains the restrictions on individuals during bankruptcy.

Business in decline? – Signs to prompt early action

There are multiple warning signs before a business becomes insolvent, however, these signs can be easily overlooked. Especially by directors and owners who have a very ‘hands-on’ approach when running their business. 

Duncan Swift becomes president of insolvency and restructuring trade body R3

Duncan Swift, Corporate Advisory Services Partner and Head of the Food Advisory Group at Moore, has been appointed president of insolvency and restructuring trade body R3.

Government insolvency ‘cash grab’ ‘frustrating and misguided’ – R3

During the October 2018 Budget, the Chancellor announced that he would be restoring some tax debts to preferential status in corporate insolvencies which begin after 6 April 2020. There had been no consultation on this proposal, and no prior warning.

Increase in business liquidations caused by Brexit uncertainty

The number of businesses being wound up has soared to the highest level for five years as firms fight to deal with rising interest rates and Brexit disruption.

Increase in business liquidations caused by Brexit uncertainty

The number of businesses being wound up has soared to the highest level for five years as firms fight to deal with rising interest rates and Brexit disruption.

Accountants Moore add to growing restructuring and insolvency team

As part of its commitment to broaden services and to meet increasing client demand, Chris Tate FCA, has joined Moore (South) LLP’s leading Restructuring and Insolvency team as a director.

Accountants Moore add to growing restructuring and insolvency team

As part of its commitment to broaden services and to meet increasing client demand, Chris Tate FCA, has joined Moore (South) LLP’s leading Restructuring and Insolvency team as a director.

19% of fashion retailers show signs of insolvency

19% of UK clothing retailers currently exhibit early warning signs that they are at risk of going insolvent according to our research.

Insolvency Service start to proactively hunt for rogue directors - bans see sevenfold rise in a year

The Insolvency Service is increasingly using ‘public interest’ disqualification orders to remove potentially rogue directors from their positions before they can do more wrong.

AIM-listed Snoozebox appoints Moore as administrator

AIM-listed portable hotel business Snoozebox has appointed Moore as administrators after entering administration earlier this week (November 8).

Interest rate rise set to cost households £1.8bn in first year alone

Today’s Bank of England’s interest rate rise will cost households an extra £1.8bn* in interest payments in the first year alone.

20% of restaurant businesses at risk of insolvency

Our research shows that 14,800 restaurants are faced with the threat of going under as Brexit and rising labour costs put a strain on the industry.

Restructuring could radically reduce your capital requirements

For some insurers, acquisition activity has created legal entity structures with a number of different underwriting platforms and locally regulated subsidiaries across jurisdictions. This can result in the cost and inefficiency of multiple regulatory rules, relationships and returns and, when the solvency requirements of all the various subsidiaries are added together, an aggregate capital requirement that can be much higher than that of a single consolidated business.

Regulatory intervention: what next for the CFD industry?

An article discussing the concerns raised over the risks posed to retail investors from the provision of speculative products such as CFDs. It has been widely publicised, that the regulators are considering intervention, including possible measures such as leverage limits, guaranteed limits on client losses or restrictions on the marketing and distribution of these products.

75% surge in insolvency rates for young men, rising three times faster than young women

Insolvency rates among young men are rising three times faster than amongst young women, having increased by 75% amongst men under 25 in 2016 alone*.

16% of care homes at risk of failure

16% of care home companies in the UK are exhibiting warning signs that they are at risk of failure.

British seaside towns see highest rates of bankruptcy

Seven of the Top Ten areas for personal insolvencies are in seaside towns as the British coastal industries and tourism continue their declines.

19% of UK estate agents are at risk of going bust

19%  of estate agents  in the UK currently exhibit warning signs that indicate they are at risk of going insolvent *. Our research shows that 4,928 estate agents out of a total 25,560 are showing signs of financial distress.

Interest rate rise set to cost households £3.4bn in first year alone

An interest rate rise of just 0.5% would cost households an extra £3.4 billion in interest payments in just the first year.

Insolvency service continues clampdown on debtors’ irresponsible behaviour

The Insolvency Service is clamping down on individuals who are disposing of their assets irresponsibly when facing financial stress, rather than paying back their debts.

26% of construction companies at risk of going bust

Our research shows, 26% of construction companies currently exhibit warning signs that indicate they are at risk of failure*.

Insolvency Service clamps down on bankrupt gamblers and speculators

The Insolvency Service is clamping down on individuals who have become bankrupt as a result of ‘gambling, speculation or unnecessary extravagance’.

Interest rate rise would mean over 18,000 extra insolvencies by 2020

Government calculations have forecast an additional 18,000 people will go insolvent by 2020 should interest rates rise just 1%.

‘Risky’ mortgage bubble grows as over 70,000 more taken out in a year

The high-risk mortgage bubble has continued to grow, as another 71,273 mortgages viewed as ‘risky’ by the Bank of England were taken out in the UK in just a year.