insolvency

In August 2014, my company won a county court small claim judgement plus costs against a company for approx £2600. The company has subsequently sent me the following letter:

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In the latest in the series of video casts taken from the recent 2014 ICPA Conference F.A. Simms’ MD  Richard Simms FCA presents “Insolvency Update”

Hi, 

I am the Chief Accountant for a company that is going into administration. We became insolvent due to a major supplier taking its business away from us.

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An accountant has been banned from being a company director for 11 years after the two businesses he was a director of collapsed, owing tax of more than £250,000.

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As the government raises the issue of veto power over pre-packs contingent on the failure of measures proposed by the Graham Report, Eric Walls, director of turnaround and inso

The latest quarterly statistics are out regarding Insolvency in England and Wales between April and June 2014.

Compared with the same period in 2013:

Three Deloitte partners have been referred to the ICAEW in relation to a potential conflict of interest in their role as administrators to the collapsed High Stree

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I and www.help4lips.co.uk absolutely support the initiative started by Harold Tillman in today`s Daily Mail.

 

Plans for legislation that is intended to make insolvency cheaper and easier to manage by cutting unnecessary rules have been mainly welcomed by insolvency practitioners and small businesses.

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