To get ahead of the anticipated rise in company collapses next year, the Insolvency Service has instructed insolvency practitioners to report all fraudulent coronavirus loan applications to them.
Insolvency
Welcome to Nicklin Blog
New Corporate Insolvency and Governance Bill to extend accounting deadlines
The new Corporate Insolvency and Governance Bill will help maximise your business’ chance of survival throughout the coronavirus pandemic, it has been suggested.
Almost a fifth of businesses fell into their overdraft in past year
According to the latest industry research, almost one in five small businesses fell into their overdrafts in the last year in a bid to manage their cash flow.
Company insolvencies hit six-year high
Company insolvencies increased to their highest annual level for over six years, the latest statistics have shown.
A quarter of SMEs fear they will go bust within five years
According to research from accounting software platform Xero, a quarter of small business owners believe their company will go bust within the next five years.
