Preferential creditors, such as employees and HMRC, are paid before non-preferential creditors in insolvency, meaning they have a higher chance of recovering their debts.

This guide offers key tips for choosing the right Insolvency Practitioner, covering qualifications, tailored advice, accessibility, transparency, and trustworthiness to ensure the best support for your business’s financial recovery

Liquidation can take 6 to 24 months, depending on the type of liquidation and complexity of the company’s assets. What are the different types of liquidation?

Business Asset Disposal Relief (BADR) remains available for Members' Voluntary Liquidations. Act now to secure the current 10% tax rate before potential budget changes.

The Body Shop's remaining UK stores have been rescued from administration by a consortium led by Mike Jatania, safeguarding 1,300 jobs. The new owners aim for a sustainable future.

Insolvencies in England and Wales rose by 16% year-on-year in July, highlighting ongoing struggles for businesses despite a cautiously improving economic outlook.

Revolution Bars secured court approval for a restructuring plan to prevent collapse, addressing severe financial issues, retaining key sites, and securing creditor support. CEO Rob Pitcher expressed optimism about the future.

Harland & Wolff shareholders fear a "pre-pack" administration, risking their investments. A shareholder group seeks influence and support from Clive Palmer amid the company's strategic review by Rothschild bank.

Cineworld will close six UK cinemas, including Glasgow Parkhead and Bedford, amid financial struggles. Previous closures include Newport, Runcorn, and Bristol locations.