News

The expression ‘slippery as an eel’ comes to mind when considering the directors of a company closed down this month for abusing the Covid loan scheme. Lincolnshire based The Eel Screen Company, an eel protection business, provided false turnover figures in 2020 to...

As the new government gets to work prioritising the country's many demands, it is clearly too early to discuss how the world of business - and specifically insolvency, restructuring and turnaround - will be affected by eventual changes in policy direction. At pains...

Insurers say cyber cover rates are falling but SMEs are still slow to recognise the value of protection against digital crime. You might think “they would say that, wouldn’t they”, when competition and new providers in a growing area have driven down prices for both...

While the majority of business expenses leave a company’s bank account at fixed days throughout the month, the same cannot be said for income received. Debtors appear to be deciding to make payment for goods sold or services supplied when it is convenient for them....

Buchler Phillips is delighted to announce a new member joining the Buchler Phillips Team, Alice Fanner in the role of Assistant Manager. Alice has six years of restructuring experience working across a range of sectors and jurisdictions. She has worked on all types of...

There is life after insolvency for some businesses – as distinct from the companies containing them – but directors continuing to trade in effectively the same way yet in a different guise must tread very carefully. ‘Phoenixing’, after the mythical bird rising from...

While many university students will be celebrating exam results in the coming weeks, more than a few seats of learning face ending the academic year in a parlous financial state with a very uncertain future. Saddled with debt and competing unrealistically for bright...

The UK’s haulage and logistics sector seems to have its foot on the accelerator – towards insolvency. While many operators are no doubt bucking the trend, a pile-up of commercial transport businesses in trouble over recent weeks has brought into sharp focus the...

The Bank Holiday weekend will almost certainly have seen a spike in sightings of the MAMIL – Middle Aged Man in Lycra. Often heading a queue of overtaking traffic at weekends, these cyclists clad in spray-on ‘technical’ apparel breathed new life into 21st century bike...

Cryptocurrency ‘academy’ Amey Finance has been closed by the Insolvency Service, which claimed founder Desmond Amey used it to “recklessly persuade” people to partake in loss-making investment schemes, including an alleged $1.7 billion crypto “Ponzi”. Communications...

Now that the final set of local contests before the General Election is behind us, political attention turns to national campaigning strength and strategies. Since the beginning of 2022 the Labour Party has enjoyed consistent double-digit leads in the opinion polls....

Everton FC’s cashflow problems, dependence on a US backer and now, talk of entering administration, show yet again that even in the Premier League it’s hard for football clubs to balance the books. Affectionately nicknamed the Toffees, Everton has only played four...