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Lease Obligations After Liquidation

What Happens to Contracts & Lease Obligations After Liquidation?

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When a company goes into liquidation, directors are often left wondering what happens to the contracts and lease obligations they’ve signed while trading. Whether it’s a commercial lease, supplier agreement, or equipment finance deal, these commitments can feel like a weight hanging over you. Understanding how these are handled is an important part of the […]

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Premier Group Recruitment Administration

What Led Premier Group Recruitment to Enter Administration with £2.9m Debt?

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When a business as well-established as Premier Group Recruitment enters administration, it raises plenty of eyebrows. Known for supplying tech, engineering and creative staff across the UK and US, the company had grown over several years and operated in highly active sectors. So, how does a business like that end up in financial trouble with

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Liquidation at Prax Lindsey

The Impact of Liquidation at Prax Lindsey on Local Communities and Workers

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When news broke about the liquidation of operations at Prax Lindsey Oil Refinery, it sent shockwaves through Lincolnshire and beyond. For decades, the refinery had been a major employer and a central part of the local economy. The announcement that work would wind down and that many jobs were at risk left hundreds of families,

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Construction Insolvencies

Construction and Hospitality Insolvency in 2025

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The UK economy in 2025 has been testing businesses across almost every sector, but two industries stand out as bearing the heaviest weight: construction and hospitality. Both employ hundreds of thousands of people, support regional economies, and act as lifelines for local communities. Yet both are finding themselves among the hardest hit when it comes

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Partnering with Risky Businesses

How to Avoid Partnering with Risky Businesses in the UK

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Doing business always involves some degree of trust. Whether you are supplying goods on credit, entering a joint venture, or outsourcing a service, you rely on the other party to deliver on their commitments. In the UK’s current economic climate, where corporate insolvencies remain at historic highs, that trust has never been more important. Partnering

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Trading While Insolvent

Trading While Insolvent: Legal Risks UK Directors Must Understand

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Running a business is never easy. Markets change, costs rise, and sometimes cash simply runs out faster than it comes in. For many company directors, it can be difficult to know whether a financial problem is temporary or whether the business is sliding into insolvency. What is certain, however, is that the moment a company

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River Island’s Restructuring

River Island’s Restructuring: Lessons for Retail Facing Insolvency

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At Simple Liquidation, we see many well-known businesses reach a crossroads, a moment when decisive action is needed to protect jobs, preserve value, and prevent a full collapse. The recent restructuring of River Island is one such example. The high street fashion retailer, famous for its trendy styles and long history, has just secured approval

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Britain’s Insolvency Landscape

Britain’s Insolvency Landscape – 50,000 Companies on the Brink

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Latest reports show that almost 50,000 companies are now on the verge of collapse, struggling under the combined weight of tax hikes, inflation, and ongoing economic instability. For many directors, these challenges aren’t abstract statistics; they’re the daily reality of running a business right now. At Simple Liquidation, we’ve seen firsthand how quickly financial strain

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Thames Water’s

Thames Water’s Crisis Management: What Insolvency Preparation Can Teach Us

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Thames Water has been making headlines for all the wrong reasons. With an estimated £4 billion debt burden and failed attempts to secure new funding, the UK’s largest water supplier has been teetering on the brink of insolvency. In a proactive move, the government has appointed insolvency specialists to prepare for the possibility of a

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