A company director has been sentenced to eight months’ imprisonment, suspended for 12 months, and has been disqualified as a director for four years over a £3.3m fraudulent VAT reclaim
The UK government has announced new laws to replace EU rules on taxpayer-funded bailouts and business support, launching a subsidy system ministers say will help boost jobs and the economy
The Wirecard scandal is one of the biggest scandals to happen in the auditing industry for arguably the last decade. Simon Bittlestone, CEO of Metapraxis, delves into the scandal and discusses the lessons the industry has learnt
As we head towards the light at the end of the tunnel for the covid-19 pandemic, Benjamin Wiles, managing director at Kroll looks at what the impact of post-covid finances has on business recovery and insolvency
As covid-19 businesses support is eased R3 launches a guide to help company directors spot the signs of financial distress and provides advice on how to resolve any issues
Secretary of state for business Kwasi Kwarteng has confirmed that HMRC will be taking a ‘cautious approach’ on the collection of tax arrears accrued by companies during the pandemic but states that a return to the normal insolvency process is vital
Lee Manning, partner at ReSolve explains the pros and cons of a negotiated restructuring with key creditors through a company voluntary arrangement (CVA) for businesses that have been severely impacted by the pandemic
The government is consulting on a series of targeted amendments to the insolvency arrangements for insurers, which would enable the UK authorities to better manage insurer distress
Carillion’s liquidators have secured a £250m funding deal with Litigation Capital Management (LCM) to take KPMG to court for audit failures leading up to the collapse of the public sector outsourcer
The High Court in London has ruled against landlords seeking the repayment of fees against the nominees of a company voluntary arrangement (CVA) from hair salon group Regis UK
The UK lost an average of 22 restaurants per day over the last 13 months with 10% of venues in the UK failing to open their doors at the end of April according to the latest figures from CGA AlixPartners Market Recovery
