#corporate-insolvency

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#phoenixism #hmrc-debt #directors-loan #uk-insolvency #start-up-decline #cashflow-pressure #bankruptcy
UK news
fromwww.theguardian.com
2 weeks ago

Firm that went bust owing 650k to HMRC offers staff Las Vegas trip after being bought by ex-owner

Former owner repurchased a debt-ridden recruitment firm, leaving creditors and HMRC unpaid while promising all-expenses-paid staff incentives and retaining prior director loans and dividends.
Business
fromBusiness Insider
2 months ago

A wave of bankruptcies is hitting nearly every corner of the economy, leading to this 'unusual' pattern

Bankruptcies are surging across the US, affecting corporations, small businesses, and individuals, driven by rising costs, tighter credit, and widespread economic pressure.
UK news
fromBusiness Matters
4 months ago

Profit warnings surge as weak consumer confidence hits UK-listed firms ahead of Budget

Weakening consumer confidence is driving a rise in UK profit warnings, compounded by macroeconomic and geopolitical uncertainty and concentrated losses in software, construction, and retail.
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