Yearly Archives: 2024

The Dangers of COVID Loan Abuse: Protecting Public Funds and Business Integrity

The COVID-19 pandemic brought unprecedented challenges to businesses worldwide. In response, governments swiftly introduced economic support schemes to safeguard jobs and keep businesses afloat. Among these initiatives were loans, grants, and relief programs designed to provide financial lifelines during the crisis. However, alongside genuine recipients, opportunistic fraudsters exploited these schemes, leading to significant consequences for…

Brewery Closures Jump 82% in 2023: A Sobering Reflection on Industry Challenges

In a year plagued by unprecedented challenges, the global brewing industry faced a harsh reality as brewery closures surged by a staggering 82% in 2023. This sharp increase, as reported by The Drinks Business, underscores the profound impact of various factors ranging from economic downturns to shifting consumer preferences. Examining extracts from the report sheds…

Accountants Highlight HMRC Service Failures Impacting Small Businesses

In the intricate dance of entrepreneurship, small businesses often navigate a labyrinth of challenges to thrive. However, a new hurdle has emerged in the form of inefficient service from Her Majesty’s Revenue and Customs (HMRC), according to a survey by the Association of Chartered Certified Accountants (ACCA). The findings reveal a staggering two-thirds of accountants…

Rising Insolvencies: A Sign of Economic Uncertainty

In the wake of economic turbulence, the recent surge in insolvency numbers, both for individuals and companies, signals a concerning trend that warrants attention. According to recent data released in February, the total number of individual and company insolvencies has seen a notable rise, painting a picture of financial strain and instability within various sectors…

Insolvency Service Takes Action to Address COVID Loan Misconduct

The Insolvency Service has recently made significant strides in its efforts to combat misconduct related to COVID-19 relief loans. In a notable development, the service has secured bankruptcy restrictions against individuals involved in fraudulent activities related to pandemic loans, marking a crucial step in the ongoing fight against financial misconduct during the global health crisis.…

Understanding the Powers of a Trustee in Bankruptcy: Lessons from Katie Price’s Financial Struggles

The recent news of Katie Price’s ongoing financial troubles has once again highlighted the role and powers of a trustee in bankruptcy. According to a report by the BBC, Price has been ordered to pay 40% of her earnings from the content subscription service OnlyFans to her bankruptcy trustee, shedding light on the extensive authority…

Live Chat – Now Live!

🎉 Exciting News! 🎉 We’re thrilled to announce the launch of our brand new live chat function on our website! 🚀 Now, getting in touch with us is easier and faster than ever before. Whether you have questions, need assistance, or just want to say hello, our friendly team is here to help you in…

London Winter Run – The Carli Lansley Foundation

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…