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Category Archives: Restructuring and Recovery

The collapse of Monarch – Should the law be changed to soften the blow?

David Tann

04 December 2017

The collapse of Monarch Airlines caused a shock across the airline and tourist industry. The reasons for the collapse have been well covered in the media. A fatal combination of a fall in passenger numbers to destinations such as Turkey, … Read More >>

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The collapse of Monarch

David Tann

09 November 2017

The recent collapse of Monarch Airlines caused a shock across the airline and tourist industry. It seems that a fatal combination of a fall in passenger numbers to destinations such as Turkey, Egypt and Tunisia, the fall in the pound … Read More >>

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Retailers’ supplier insolvencies are tripling and crippling

David Tann

30 May 2016

According to a recent news article the number of food production companies entering into administration tripled during 2015. Around 162 companies declared themselves insolvent as the age-old war on prices allows the big supermarkets to squeeze the life out of … Read More >>

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Tis the season… for insolvency?

David Tann

It isn’t just the warmer winter weather that retailers have been feeling this season as reports of widespread tough trading in the lead up to Christmas has cast a shadow over the trading landscape. You might not think that the … Read More >>

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Some Taxing Changes Ahead – MVLs and capital distributions

Anthony Cork

So 2016 is here and HMRC are introducing some new rules regarding members’ voluntary liquidations where capital distributions are made on or after 6 April 2016. Why are they making these changes? A distribution in respect of share capital in … Read More >>

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October 1st Sees Bankruptcy Thresholds Increase Sevenfold

Keith Stevens

01 October 2015

In January of this year, the Government announced a raft of planned debt reforms, spearheaded by Liberal Democrat and the then Business Minister and consumer champion Jo Swinson.  These measures will duly come into play from October 1st. Perhaps most … Read More >>

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Members’ Voluntary Liquidation and Entrepreneur’s Relief

David Tann

A time may come where you wish to close your limited company and, as long as you are operating a solvent company, there could be surplus funds for distribution to the shareholders. If these funds are over £25,000 then in … Read More >>

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Insolvency: official numbers falling?

David Tann

31 August 2015

The recent statistics from the Insolvency Service for Q2 2015 have shown some interesting findings. It appears that there have been significant decreases in both company and personal insolvencies in the UK which is great news in an economy which … Read More >>

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Low inflation could help industry growth

David Tann

09 June 2015

The recent decrease in oil costs has seen inflation drop to its lowest level since 2005. Many consumers are really noticing a difference on their household budgets as the fall in the price of oil has resulted in cheaper transport … Read More >>

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Insolvency rates fall as banks worry that pensions could be at risk instead

David Tann

08 April 2015

The UK’s individual insolvency rates are at their lowest level since 2005 according to official figures. But, this is disguising an upturn in Individual Voluntary Arrangements (IVAs), prompting warnings that creditors may be able to force debtors to break into … Read More >>

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