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07 Feb
2017


Posted in
General news

New Kirks Insolvency Hereford office opens

We are pleased to announce the opening of our new Hereford office. The office is situated at the Rural Enterprise Centre off Vincent Carey Road just south of Hereford city centre. The office is run by Wendy George who has worked in the insolvency profession for many years locally and recently passed her insolvency exams […]

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24 Jun
2016


Posted in
General news

Will Brexit increase insolvencies?

As a Liquidator of businesses and a Licensed Insolvency Practitioner I have had a number of people say to me today that “I bet you are going to be busy now”. Unfortunately I think that is correct although there is no logical reason why businesses cannot carry on as normal in the short term as […]

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20 Jun
2016


Posted in
General news

Will the Brexit Decision Tip Companies Into Insolvency?

In my opinion, the Brexit will without a doubt tip companies into insolvency. An actual exit from the EU would cause substantial economic disruption to the UK economy for some time. There would be uncertainty in terms of any business that exports or imports from the EU until new rules and international trade agreements were […]

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18 Feb
2016


Posted in
General news

Time is running out to use a Members Voluntary Liquidation…

The tax rules change on the 6th April 2016 restricting what HM Revenue and Customs call ‘phoenixing’ of a business. From then on anyone restarting a similar business within two years of liquidating a previous one and claiming Entrepreneurs Relief (“ER”) will be back taxed on the distribution as income tax. It has always been […]

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11 Feb
2016


Posted in
General news

The Government Pension Protection Fund – Guidance For Insolvency Practitioners

The government Pension Protection Fund (“PPF”) has issued guidance to insolvency practitioners when acting as administrator in a pre-pack from 1st July 2015. Normally, the person who was the administrator becomes the subsequently appointed liquidator. In essence, the PPF may look to have the proposed appointed liquidator or supervisor of a Company Voluntary Arrangement replaced […]

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08 Feb
2016


Posted in
General news

Insolvency Statistics: October – December 2015

I am a Licensed Insolvency Practitioner which means I act as the Liquidator to companies or as a Trustee in Bankruptcy to individuals who become bankrupt. Probably the most common question I am asked is ‘are we coming out of recession’? Well the answer is clearly yes. The statistics just released by the Insolvency Service […]

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11 Dec
2015


Posted in
General news

Insolvency 2015 – Year In Review

It continues to be a harder market for insolvency professionals in 2015. Begbies Traynor have just announced that their six months figures to 30th September 2015 are down on the previous year as corporate insolvencies have fallen 10% year on year. Typically, larger firms like Begbies rely on their referrals from banks who have taken […]

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20 May
2015


Posted in
General news

Is their real growth in the UK economy?

Without a doubt the answer is yes. Although the latest economic figures from The Insolvency Service showed slowing growth in the UK for the first quarter this year, it is clear to me that less and less businesses are facing insolvency issues. The latest insolvency statistics for January to March 2015 also showed a fall between […]

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22 Jan
2015


Posted in
General news

It’s Becoming Harder to be Made Bankrupt

The government has announced that the figure at which someone can be forced into bankruptcy will increase from £750 to £5,000 from October 2015. The limit has not increased for 30 years, so was far out of date. In fact, making someone bankrupt today costs at least £2,000 (if you include legal costs and the […]

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