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New law, insolvency regulation and the rescue culture
The UK insolvency regime began preparing for the 21st century with the Cork Report in 1982. That led directly to the Insolvency Act 1986, introducing the rescue mechanisms of administration and voluntary arrangements. Major refinements followed with the Enterprise Act 2002, enhancing the...
Business risk from public spending cuts
Connaught PLC's administration illustrated the risk to private sector business of public spending cuts (Connaught collapse blamed on government spending cuts). That risk is further highlighted in research, statistics and commentary from such diverse sources as R3 (The Association of...
Credit crunch hits UK businesses
The number of companies facing insolvent liquidation rose by 15% during the second quarter of 2008, as compared to the same period last year, as the credit crunch continues to impact upon the UK economy. Figures from The Insolvency Service...
Find a Business Angel
We all know how to find a good service provider - personal recommendation. But what if you want help now and don't know who to ask? One piece of good advice is to be wary of paying someone up front...