Business Insights

Insolvency Service clamps down on rogue directors

The number of orders to ban rogue directors from being involved in business has risen seven-fold, according to the Insolvency Service.

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Closure rates slow but retailers face testing times

Shops are closing at their slowest rate since 2010, as 14 outlets a day closed their doors in the first six months of this year, new figures show.

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UK small business values slump

The UK’s small businesses are now worth an average of £90,000, a considerable drop from just a year ago, according to new research from Bizdaq.

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SME bosses claim UK late payment problem has no easy solution

Business leaders have said there is no easy solution to the UK’s late payments problem, although action is needed as 50,000 firms could be failing annually as a result.

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Construction insolvency drives multi-million cash retention losses

Construction firms entering insolvency have led to more than £700 million of cash retention losses in just three years, the Specialist Engineering Contractors’ Group has claimed.

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