Business Insights

Winding up petition – What does it mean for my company?

A winding up petition (petition) is usually presented by a creditor of a company, although it may be presented by the company itself or a shareholder, making application to the Court to have the company placed into Compulsory Liquidation by the granting of a Winding Up Order.

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Financial boost for SMEs could help the wider economy

Small and medium-sized enterprises across the UK appear to have been given a significant boost as the government strives to offer them as much public sector business as possible.

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Surprise fall in manufacturing output fuels fears of a triple-dip recession

A downward turn in manufacturing output in February has compounded fears that the UK is heading towards a triple-dip recession, following Moody’s decision to downgrade England’s coveted triple-A credit rating.

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Overseas visitors spend £4.5 billion on UK’s high streets

The latest figures from VisitBritain have revealed that foreign visitors to the UK are providing a significant boost to retail expenditure in Britain, with 18 million overseas tourists spending a combined average of £4.5 billion a year.

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What is a Company Voluntary Agreement (CVA)?

One option that companies in financial distress may wish to consider is a Company Voluntary Arrangement (CVA).

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