Call our Freephone Helpline
0800 066 2544
On Sunday 25th February 2024, Luke Cockerton of DCA Business Recovery ran the 2024 London Winter run with some other members of Team Carli. Team Carli was set up by the charity The Carli Lansley Foundation and has developed into a brilliant group of runners who run at all levels but who support each other…
In the ever-evolving landscape of business, solvency stands as a critical metric, reflecting a company’s ability to meet its financial obligations in the short and long term. Amidst economic shifts, regulatory changes, and global uncertainties, understanding solvency trends among companies in the UK is paramount for investors, policymakers, and business leaders alike. Let’s delve into…
In the ever-evolving landscape of retail, the UK high street and online spending trends reflect a dynamic relationship between consumer preferences, economic shifts, and technological advancements. Online spending continues to surge, driven by convenience and an expanding digital marketplace. The pandemic accelerated this trend, prompting more consumers to embrace e-commerce for its safety and accessibility.…
As the news hits that we have entered a recession. We thought it would be beneficial to explain what a recession actually is. A recession signifies a prolonged period of economic decline, typified by a contraction in Gross Domestic Product (GDP), heightened unemployment rates, and decreased consumer spending. This economic downturn stems from various factors,…
In the tumultuous world of business, landlords often find themselves caught in the crossfire when their tenants face financial difficulties. When a tenant enters a creditors’ voluntary liquidation, landlords are understandably concerned about their rights and how they will be affected. Here’s a concise breakdown: Rent Arrears: Landlords are entitled to claim rent arrears as…
Solvent liquidations, also known as members voluntary liquidations, refer to the process by which a solvent company chooses to wind up its affairs and distribute its assets among its shareholders. Unlike insolvent liquidations forced by insolvency where the company has run out of cashflow/money, solvent liquidations occur when a company’s directors and shareholders decide that…
If your client is considering closing down their company and wants to solvently liquidate in this financial year – you’re running out of time! What is a Solvent Liquidation? A solvent company that has ceased to trade is wound up using a formal liquidation process and an insolvency practitioner is appointed.All liabilities will have been…
Corporate insolvencies in 2024 could surpass last year’s thirty-year high, new forecasts suggest, with around 33,000 firms on the brink. A new forecast from the Centre for Economics and Business Research (CEBR) suggests that Corporate Insolvencies in 2024 could surpass last years figures, which were already a thirty year high. The number of companies is…
According to insolvency and restructuring trade body R3 there has been a slight fall in Insolvencies in Yorkshire between November and December 2023. The research, based on an analysis of data provided by CreditSafe, found that insolvency-related activity reduced by 11.7 per cent month-on-month, representing 248 businesses. Across the UK, two-thirds of the 12 regions…