Category Archives: News and Press Releases

The cost of new insolvency regulation proposed by Government will outweigh the benefits to business and reduce creditor returns, according to insolvency trade body R3. Concern has prompted R3 and senior Insolvency Practitioners from the ‘Big Four’ accountancy firms (Deloitte, … Continue reading →

“Typically many businesses will be caught out by the P35 deadline on 19 May, having been ‘getting by’ and not submitting the full amount of PAYE they owe each month. This deadline is traditionally a time when HMRC uncovers any … Continue reading →

Ministers extend a voluntary partnership between Jobcentre Plus and Insolvency Practitioners today that has so far helped 32,000 employees facing redundancy to find new employment, claim benefits and access training. The ‘Memorandum of Understanding’ is an information sharing initiative initially … Continue reading →

Figures published today by the Council of Mortgage Lenders (CML) show that the number of repossessions in the first three months of this year reached 9,100 – up 15% from 7,900 in the last quarter of 2010 but down 10% … Continue reading →

R3 President, Frances Coulson commented: “While examining proposals for a restructuring moratorium in CVAs, the news that Government will now tackle the issue of termination clauses – whereby suppliers can cancel essential contracts on insolvency – is extremely welcome. “R3, … Continue reading →