The top 10 reasons small businesses fail – and how to avoid them
Starting and running a small business can be difficult, which is why it is essential that small business owners know why businesses often fail. From not having the right foundation…
Can’t afford to pay employees – What should you do?
Facing the inability to pay your staff’s wages is undoubtedly a challenging and stressful situation for both employers and employees. Various factors, including unexpected expenses, declining sales, or delayed customer…
Why Do Restaurants Fail and How to Save a Failing Restaurant
Managing a restaurant presents a formidable challenge. When coupled with the apprehension of overseeing a struggling restaurant, it can be incredibly overwhelming to navigate the intricacies of these various obligations.…
What is a Validation Order and How can You Apply?
A validation order is a legal order that allows certain transactions to be made into or out of a bank account that has been frozen by the court. Validation orders…
How much are the fees of an Insolvency Practitioner in the UK
The fees of an Insolvency Practitioner vary between practice and these fees can vary quite considerably depending on the kind of industries they work in, the cases they work on, the…
Closing down your business: everything you need to know
If you’ve found yourself in the unfortunate position of having to close your business down, there are many things you can do to make the process smoother and easier on…
What Is a Directors Investigation?
A director’s investigation is a formal review conducted by a professional insolvency expert on behalf of a company’s directors. This type of investigation is typically initiated when a company is…
Independent retailer insolvency cases to pile up this year?
Retailer insolvencies in the UK have been a growing concern in recent years, with a number of high-profile stores and chains entering administration or facing financial difficulties. The retail industry…
Company Bank Account Frozen
A frozen bank account is as serious as it gets for any company. The company could still be viable, but without a bank account it will be very difficult to trade.…
Illegal working conditions at Boohoo subcontractor clothing factory
Boohoo is a largely popular UK-based online fashion retailer that mainly targets a 16-30-year-old audience with its branding and marketing schemes. The business has grown and developed massively since its…