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

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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

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

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

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.

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.

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

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 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.

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

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.

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

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

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