Commentary

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‘Red’ diesel rebate to be scrapped for construction sector from April

With the construction industry already being tested by labour shortages and rising material costs, the upcoming abolishment of the red diesel rebate is yet another unwelcome challenge facing companies and contractors up and down the country.

What does Brexit mean for manufacturing in the Midlands?

The Brexit deal has provided welcome relief from uncertainty for many UK businesses, but for manufacturers in the Midlands it is a crucial boost to confidence. This is a major sector in the area and would have been badly affected by a ‘no deal’, so what d

Higher Education: Regaining Stability

The Higher Education (HE) sector is a vibrant and important part of the UK economy, developing skills and life chances for students and delivering world-leading research that drives innovation and change.

IR35 reforms delayed until April 2021 but MVLs still on the agenda

Life has changed dramatically in recent months, but for solvent companies considering a Members’ Voluntary Liquidation (MVL) the situation remains unchanged – for now.

Dental practices feel the financial bite

As businesses across the UK struggle in the face of the coronavirus lockdown, thousands of people have been calling for dental appointments

Football League clubs could face insolvency crisis say experts

The ban on football fixtures could cause an insolvency crisis which will hit Football League clubs hard, warn experts at Begbies Traynor.

The Christie contractor enters into administration

The construction firm appointed to develop The Christie hospital in Manchester has entered into administration with all the company's assets immediately moving to a new specially formed company.

John Lewis Reports First Half Profits Down 99%

The John Lewis Partnership has reported profits for the first half of this year down by 98.8 per cent as compared with the same period in 2017.

Government Opens Consultation on Overhaul of Corporate Insolvency Regulations

The government has announced the launch of a consultation on a wide range of issues relating to corporate governance frameworks and the responsibilities place upon directors in corporate insolvency scenarios.

Carillion subcontractors urged to seek help to stay afloat

Paul Barber, BTG Partner, says firms impacted by Carillion liquidation quickly need to assess what impact it will have on their business

Panorama Investigation Highlights Fraud in the UK Bankruptcy System

Insolvency practitioners play key role in combating this costly crime

Insolvency risk increases for Scottish firms

The number of Scottish companies at higher than average risk of insolvency has risen by 36% over the course of 2017.

Statutory Demands on the rise as creditors face higher costs to recover debts

The increased cost of taking court action to recover a debt has resulted in creditors looking for alternative methods of collection. One potential way is via a statutory demand.

Comment from Julie Palmer, Partner, on latest GDP figures

Julie Palmer of business recovery and restructuring specialist, Begbies Traynor commented on today’s GDP figures

Director’s loan accounts and dividends – not always the best option

While many accountants advocate using director’s loan accounts and dividends as a tax efficient way of paying remuneration, this may not always be advantage

UK PLC struggling with £57.5bn liabilities as government prepares to announce Spending Review

Over 123,000 UK companies are struggling under the weight of nearly £58 billion worth of liabilities, according to the latest quarterly Red Flag Alert, issued today by Begbies Traynor, the UK’s leading business recovery specialist.