News

A new global insolvency report from credit insurance giant Allianz Trade suggests British business failures have peaked. But large corporate collapses, financial pressures and supply-chain risks offer little cause for complacency. After five consecutive years of...

A reduction in Capital Gains Tax relief from April 2027 could encourage business owners contemplating retirement or company closure to bring forward their plans. For those with substantial reserves, acting early could make a significant financial difference. The...

Buchler Phillips is delighted to announce that Max Wingham has joined the firm as a Junior Insolvency Analyst, strengthening its corporate recovery, restructuring and turnaround team. Max joins from Turpin Barker Armstrong, where he gained more than two years'...

The new personalities at the summit of UK politics have apparently decided that the unsavoury task of fully and transparently funding next year’s spending review may safely be put off for a few more months. As a result, the overriding theme of yesterday’s budget was...

A recent High Court ruling has reinforced an important distinction between recovering an unpaid debt and using insolvency proceedings to wind up a company. Even where money is unquestionably owed, creditors may find that a winding-up petition is not an appropriate...

Seven apparently unrelated companies shut down by investigators highlight how seemingly separate businesses can hide common patterns of misconduct – and the importance of looking beyond information on the public register. The companies, registered across London,...

The collapse of Headlam Group, one of the UK's largest floorcoverings distributors, provides another stark illustration of the pressures facing even established British businesses; it also reinforces the importance of decisive action before financial troubles are...

Directors tempted to leave debts behind in one company and simply start again in another face a much greater risk of investigation, as the Insolvency Service makes abusive “phoenixism” one of its principal enforcement targets. Buchler Phillips has written regularly...

If its cheerleaders are to be believed the advent of AI is set to herald a new era of runaway economic growth and scientific discovery with the promise of eternal life. If all goes horribly wrong then political upheaval, acute economic disruption and – as even...

Directors’ loan accounts are easy to ignore while a business is trading. Money moves between the company and its owner, the accountant keeps a running balance, and any awkward questions can seem like matters to be sorted out when the year-end accounts are drawn up and...

Much of the discussion about the health of British business tends to focus on the casualties: companies entering insolvency, shops closing, jobs being lost and businesses disappearing altogether. But there is another, less visible consequence of a prolonged period of...

Late payment has been a perennial problem for smaller businesses, but new legislation progressing through Parliament could give SMEs significantly more power to fight back. The Commercial Payments Bill reaches report stage in the House of Lords on 15 September. The...