According to research by Direct Line for Business, any two-week disruptions to their working operations cost small businesses £8,775. Their research, which looked at data from the last two years, has found that more than 550,000 small businesses have been forced to temporarily cease trading[...]
A landmark ruling by a High Court Judge has today confirmed that Theresa May must present plans to Parliament and gain their support, before she can trigger Article 50 and start the Brexit process. It will mean that MPs are able to contribute and must approve the Article 50 process, not just the PM[...]
The Insolvency Service has released the insolvency statistics for Quarter 2 – April to June 2016.
The Insolvency Service has today released updated insolvency statistics for Quarter 3 – July to September 2016.
The Insolvency Service has recently released modernised and consolidated insolvency rules which have been put before Parliament and which will come into force in April 2017. The new rules will replace the Insolvency Rules 1986 and their 28 subsequent amendments, and seek to better represent modern[...]
According to research by Hampshire Trust Bank, almost 45% of businesses now have plans to increase the amount of cash in their business and savings accounts, in a bid to create a ‘cash buffer’ against uncertainty. This represents a 6% increase in businesses worried about uncertainty, with 38% the[...]
According to a new report from Euler Hermes, the UK economy is set for prolonged uncertainty which is expected to trigger bouts of nervousness in H1 2017. The resilience of the UK economy following the EU referendum is masking longer term issues that are set to hinder GDP growth, corporate[...]
Global growth is too slow to prevent insolvencies from increasing. Insolvencies are expected to rise in most emerging countries in 2016 and in the USA, while decreasing in Western Europe. Worldwide, insolvencies are expected to increase for the first time since the 2009 global financial crisis. Big[...]
The global shipping industry has been struggling for years according to the world’s largest credit insurer Euler Hermes, and is not likely to change soon, as evidenced by recent examples in the container segment. From January 2016 through to May 2016, insolvencies in the sector rose by more than[...]
The Office for National Statistics has released the UK trade activity for August 2016.
