In recent years, the UK has seen a surge in distressed debt investing, a trend which has captured the attention of institutional investors, private equity firms and turnaround specialists alike. Many companies have faced significant financial challenges with the global economy in flux, leading to a rise in distressed assets. As a result, investors are …
In a surprising move, Air Vanuatu, the national airline of Vanuatu, has decided to enter voluntary liquidation. While this might seem drastic to some, it’s a strategic decision to tackle financial problems and reorganise the company’s operations. In this blog, we’ll dive into why Air Vanuatu chose voluntary liquidation, what it means for the airline, …
Dealing with financial difficulties, especially when approaching insolvency, can be daunting. In such turbulent times, understanding the UK Insolvency Register is key for both individuals and businesses. This public record, managed by the Insolvency Service, offers clarity during times of financial uncertainty. In this blog post, we delve deeper into why a business might begin …
Understanding the UK Insolvency Register and Common Misconceptions Read More »
The landscape of higher education in the UK has undergone significant changes over recent years. With the onset of various economic and social challenges, such as fluctuating governmental policies, technological advancements, and evolving student needs, universities across the country face an unprecedented set of circumstances. These factors, combined with the impact of global events like …
Analysing the Potential Insolvency Risks Faced by UK Universities in 2024 Read More »
In the field of finance, few situations are as alarming as the growing issue of the number of outstanding loans as part of the bounce-back loan scheme (BBLS) within the UK. This predicament has become a pressing concern for banks and businesses alike, with more banks now demanding repayments. Understanding this issue requires delving into …
Reasons Banks Face More Than a Million Outstanding Bounce-Back Loans Read More »
As experts in liquidation and insolvency, we’ve witnessed various cases where directors face repercussions for mismanagement or regulatory non-compliance. A particularly notable case is that of the Former Director of Extra Energy Supply, Mordechay Maurice Ben-Moshe, who was recently banned from running a business for six years. This case offers crucial lessons for business directors …
Why the Former Director of Extra Energy Supply is Banned from Running a Business? Read More »
There have been a record number of insolvencies and liquidations recorded in the past few years. Simply put, this is one of the toughest periods for modern businesses as political uncertainty, cost of living and inflation all contribute towards multiple organisations not being able to cope in the current climate. One of the most recent …
There are always a number of controversies within the world of business, and one of the most prevalent recently has been the investors who managed to lose £8 million in a care home property scheme. They were duped into paying out for plans to convert 80 apartments in County Durham. These plans were never going …
How Investors Lost £8 Million in Care Home Property Scheme in the UK Read More »
It has recently been revealed that Club La Costa, which was in administration, has transitioned into the liquidation process. The FRP Advisory administration was officially terminated on November 20th 2022, and following that, the process shifted from administration to a new phase called liquidation (specifically, creditors’ voluntary liquidation). The process is still being managed by …
Why Club La Costa UK PLC Administration Transitions into Liquidation Process? Read More »
Covid was a difficult time for businesses all over the UK as the pandemic brought unprecedented restrictions on the public and, therefore, limitations on UK businesses as well. The government was forced to step in to make sure that people were able to keep their businesses up and running whilst the coronavirus and subsequent lockdowns …
Case Study: Glasgow Engineer Banned for £100K Bounce Back Loan Abuse Read More »
Simple Liquidation
