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.

Although, it is a good idea to be prepared for your initial meeting with an Insolvency Practitioner; please don’t worry – my advice is free so there is no need to clock watch and if we don’t cover all your questions in the first meeting, you call or text me or set up another meeting.

When companies are struggling to pay their debts and cashflow is tight, they often have a range of concerns and questions. I have helped hundreds of directors; these are the most common questions I get asked.

‍On 20th October 2024, Molly will be participating in the Yorkshire Marathon in memory of her late father, Tim Noad, who tragically passed away in a road traffic collision five years ago. This year would have marked his 70th birthday, making this endeavour even more poignant.

The once-thriving financial advice network, Tenet Group, has fallen into administration, resulting in the loss of 95 jobs.

Liquidating a company is a complex process involving the winding up of its affairs, selling off assets, and settling debts. Directors and stakeholders need to understand the steps and considerations involved to navigate this challenging process effectively.