Reeves’ tax hikes lead to spike in pubs going bust June 16, 2025 The series of tax hikes introduced by Chancellor Rachel Reeves in her Autumn Budget last year has contributed to a spike in pubs going bust across the UK in April, according to new figures. A total of 67 pubs closed down during the month – the highest number since July 2024 when 75 entered insolvency [...]
Insolvency levels hit highest level in eight months in Awful April May 20, 2025 April insolvency levels soared to their highest level in in eight months, official data has shown, reflecting businesses’ helplessness in the face of higher employment costs and the looming threat of President Trump’s tariffs. Over 2,000 companies collapsed last month, with most owners filing for voluntary liquidation and some 105 firms going into administration. If [...]
Umbrella Union to be wound up after HMRC tax avoidance accusation May 16, 2025 A Liverpool-based contracting company accused of promoting tax avoidance is to be wound up after appointing liquidators, City AM can reveal. The firm, called, Umbrella Union, described itself as an “umbrella contracting company” which “can help you comply with financial regulations whilst remaining self employed.” In October last year, HMRC added the company to its [...]
Construction firm insolvencies jump to fresh high amid rising costs May 5, 2025 Construction business insolvencies have increased to their highest-ever level, a City AM analysis has found, as a barrage of rising costs continues to squeeze many in the sector to the point of collapse. As many as 840 construction firms appointed liquidators or administrators in the first four months of the year, the analysis of corporate [...]
Former SAS: Who Dares Wins star Ant Middleton banned after failing to pay £1m tax bill March 24, 2025 Former SAS: Who Dares Wins chief instructor Ant Middleton has been banned from being a director of a company after his business failed to pay more than £1m in tax. The television personality was the director of Sway and Starting Limited along with his wife, Emilie Middleton. The business, which was described as offering media [...]
UK insolvency rules are trapping firms between Scylla and Charybdis March 7, 2025 Outdated insolvency rules such as TUPE are disincentivising rescues of UK companies in irony worthy of the Greeks, writes Stephen Phillips.
UK economy: Compulsory liquidations hit 10-year high January 21, 2025 Figures released from the Insolvency Service showed that there were 3,320 compulsory liquidations in 2024, the highest number for 10 years.
It’s Blue Monday, so what does 2025 look like for insolvencies? January 20, 2025 Today is supposedly the most depressing of the year, and businesses appear to be lacking confidence too, says Sarah Rayment Today is Blue Monday, supposedly the most depressing day of the year, when the reality of gloomy weather, Christmas debt and post-holiday blues all kick-in. But it’s not just individuals feeling the effects, business confidence [...]
Debts to go unpaid after collapse of Simon Rimmer’s restaurant chain December 12, 2024 How much the well-known restaurant chain co-founded by celebrity chef Simon Rimmer owed when it collapsed into administration has been revealed for the first time. Vegetarian restaurant Greens first opened its doors in Didsbury, Manchester, in 1990 but was forced to close in January 2024. That closure was followed by the chain’s other site in [...]
More companies to follow Homebase and Typhoo Tea into administration following Budget, warns Begbies Traynor December 10, 2024 More UK companies will crash into administration following the tax hikes announced in Labour’s Budget at the end of October, according to Begbies Traynor. Announcing its half-year results to the London Stock Exchange, the Manchester-headquartered group said “UK insolvencies remain at elevated levels” and that it expects “continuing growth” in its business recovery division as [...]