‘You couldn’t make it up’ – a bit of a cliché in recent years – is a perfect description of the story of an Essex council’s investment in the UK’s biggest solar portfolio, Toucan Energy. But all’s well that ends well.
Running until 31 March 2026, the new Growth Guarantee Scheme aims to support small businesses by offering loans of up to £2m, with 70% government-backed guarantees.
Corporate governance and internal control weaknesses are often the root cause of corporate failure. However, without fully understanding the subtleties at play, revisions to the Corporate Governance Code will only go so far in addressing the problems.
ICAEW’s response to the FRC’s consultation on revisions to the Corporate Governance Code stresses that the future of corporate governance is as much about nurturing good behaviours as it is about preventing corporate failures.
Paying your suppliers quickly could help stem the flow of small business failures as the cost of doing business reaches a critical juncture, Liz Barclay warns.
Company Voluntary Arrangements and Restructuring Plans are important weapons in the insolvency practitioner’s armoury. Insolvency specialist Elaine Nolan explains how they look set to evolve following some seminal judgments.
The insolvency profession is poised to benefit from the growing need for business turnaround and insolvency expertise. However, the profession is at a crossroads due to regulatory upheaval and recruitment and skills challenges.
There are several warning signs that a business may be in distress. Fortunately seeking help early from insolvency experts and understanding insolvency law and recent changes to it can help to avoid business failure.
With the end of COVID-19 support measures, the true picture of insolvencies is beginning to emerge, with corporate insolvencies rising at their fastest rate since 2012, but individual insolvencies lower.
