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By Ann Probert

16th November 2023

Companies in financial difficulty – directors' duties to creditors

The insolvency of a company is not a black-and-white matter. Directors must use their judgement as to where their company is positioned to determine where the balance of competing interests between the company's various stakeholders should lie.

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By Ed Connell

15th November 2023

How law firms can avoid financial distress

There are several ways a law firm can find itself in financial distress. Knowing how a firm might fail and how this can be avoided will ensure you identify issues and take appropriate action to improve your business’s financial performance.

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By Elaine Wilcox

12th July 2023

Should I set up an Employee Ownership Trust?

If you’re looking to pass on ownership of your company you might want to consider setting up an Employee Ownership Trust (EOT).

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By Ann Probert

31st May 2023

HMRC and Time to Pay agreements – advice for directors

The availability of working capital is a real problem for companies in these challenging financial times. Time to Pay (TTP) arrangementrs allow viable companies who cannot pay on the due date to make payments to HMRC over a period that they can afford.

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Welcome to Armstrong Watson

By Mike Kienlen

21st April 2023

Changes to the Leeds R&I team

Armstrong Watson has seen four new team members join the Leeds Restructuring and Insolvency team, expanding on their expertise.

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By Ann Probert

15th February 2023

When is the right time to wind-up your business?

Company insolvencies in England and Wales reached a 13-year high in 2022. This was 57% more than in 2021 and was largely driven by record numbers of Creditor Voluntary Liquidations (CVLs), accounting for 85% of all company insolvencies last year.

 

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By Elaine Wilcox

9th February 2023

Tough times for estate agents

Despite UK house prices stabilising at the start of 2023 – after significant monthly falls in November and December last year -  estate agents are continuing to face challenges.

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By Daryl Warwick

27th January 2023

5 tips to prepare your business for the challenges of inflation

2023 looks as though it is going to be another year of high inflation. The Office for Budget Responsibility (OBR), which advises the government on its economic plans, forecasts that the Consumer Price Index (CPI) inflation for 2023 as a whole will be 7.4%, down from 9.1% in 2022, but far from the Bank of England’s target of 2%.

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By Elaine Wilcox

27th October 2022

Improving Income Streams in the Hospitality Industry

In a trading environment which is becoming increasingly more challenging, it is important that hospitality business owners maximise their income in the periods that they are open.

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hospitality-business-closed

By Elaine Wilcox

24th October 2022

A Perfect Storm for the Hospitality Industry

Hotel, restaurant and public house owners are currently looking hard at their profit and loss accounts.  In these testing times, without adequate working capital, owners must look to their balance sheets for options that will allow them to trade.

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