When a company faces financial difficulty, liquidation can sometimes feel like the end of the road. However, in certain circumstances, directors may have the opportunity to start afresh with a new business that rises from the ashes of the old one. This is known as a “phoenix company”, and while the concept can offer a […]
What Is a Phoenix Company and How Does It Work? Read More »
When a company begins to struggle financially, directors often turn to online advice or seek professional help for liquidation or rescue options. However, not all “insolvency experts” advertising their services are authorised to act legally. The recent case of Davis Acquisitions Ltd, which was shut down for unlicensed insolvency activities, serves as a strong warning
Who Can Legally Carry Out Insolvency Work in the UK? Lessons from Davis Acquisitions Ltd Read More »
The UK construction sector entered 2025 already weathered by inflation, interest rate pressure and persistent supply chain turbulence. Forecasts for the wider economy suggested only modest growth, while global tensions and materials volatility continued to squeeze margins. Within that context, a steady stream of administrations and liquidations has reshaped the industry’s landscape, touching everything from
Construction companies that couldn’t survive in 2025 Read More »
The rapid rise of cryptocurrency and digital assets has changed the financial landscape, and now it is reshaping insolvency and bankruptcy too. Over the past five years, the number of insolvency cases involving crypto assets in the UK has grown by an astonishing 420%, according to the Insolvency Service. In response, the Service recently appointed
Are Crypto Assets Property in Insolvency? Understanding the 420% Surge in Cases Read More »
If you’re considering closing your company or dealing with business debt, chances are you’ve come across the term “insolvency practitioner” or IP for short. But what exactly do they do, and how are they regulated? In this blog, we’ll walk you through the key responsibilities of insolvency practitioners, how they are licensed, what standards they
The Role and Regulation of Insolvency Practitioners Read More »
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
Construction and Hospitality Insolvency in 2025 Read More »
If you’re a company director, chances are you’ve heard whispers of the Enterprise Act 2002, but what’s it actually about, and why should you care? Well, this chunky bit of legislation turned UK insolvency law on its head and still shapes how businesses are handled when they hit rough seas. At Simple Liquidation, we work
How the Enterprise Act 2002 Changed UK Insolvency Law Read More »
Let’s face it, no one wakes up and thinks, “Ooh, I fancy going bankrupt today.” But if you’re reading this, chances are you’re in a bit of a financial pickle and wondering if bankruptcy might just be the best way forward. Now, before you get bogged down in all the scary terms and legal waffle,
Is Bankruptcy Right for Me? UK Rules Explained Read More »
Football, at all levels, is more than just a game. It’s a business – one that, when not managed responsibly, can fall into financial turmoil. One of the most high-profile examples in recent years is Derby County’s administration. A historic club with passionate supporters and a proud legacy, Derby County’s financial woes culminated in administration
What Other Clubs Can Learn From Derby County’s Administration Read More »
Running a business comes with its fair share of challenges. Fluctuating cash flow, mounting debts, and tough trading conditions are hurdles many directors face. But how do you know when it’s time to seek professional advice? More importantly, when should you speak to a licensed insolvency practitioner? If you’ve found yourself asking this very question,
When Should You Speak to a Licensed Insolvency Practitioner? Read More »
