Facing the Reality of Rising Insolvency in 2025
April and May 2025 painted a blunt picture: more than 10,000 people in England and Wales entered insolvency last month. That\’s a 5% rise from the same time last year. That includes 648 bankruptcies, 3,783 Debt Relief Orders (DROs), and 5,583 Individual Voluntary Arrangements (IVAs). It’s not just households. In May, 2,252 companies in England […]
Implications of the Spring Statement 2025 for Debt and Insolvency
The Spring Statement 2025, delivered by Chancellor Rachel Reeves, introduces several fiscal measures that could significantly affect individuals and businesses dealing with debt and insolvency. Understanding these changes is vital for those seeking to manage their financial obligations effectively. Economic Growth and Public Finances The Office for Budget Responsibility (OBR) has halved the UK\’s economic […]
What the 2024 Budget Means for Individuals and Business Owners Facing Debt Challenges
Chancellor Rachel Reeves’s Autumn 2024 Budget introduced significant tax hikes and policy changes, increasing financial strain on individuals and businesses managing debt. With adjustments in national insurance, inheritance tax, capital gains, and employment, households and businesses may need to consider new strategies for the challenges ahead. Rising Costs for Business Owners National Insurance and Payroll […]
Finding Relief from Financial Pressures – Practical Support for Overcoming Debt Challenges
Debt can place a heavy burden on both individuals and businesses, impacting financial stability and increasing stress. Financial difficulties may arise from personal obligations, business debts, or a mix of both, making it crucial to approach debt management strategically. We specialise in providing solutions designed to help clients regain control of their finances, protect assets, […]
Home Repossessions Rise as Households Face Economic Strain
The first quarter of 2024 has witnessed a notable increase in home repossessions across the UK, exacerbated by the continuing economic pressures on households. According to recent statistics from UK Finance, there was a 36% increase in the repossession of homeowner-mortgaged properties, rising to 870 cases. This figure represents a significant uptick from the previous […]
Cash Flow Challenges
Navigating through cash flow challenges is a dynamic and ongoing process for any business. Here’s a strategic seven-point plan to help you maintain equilibrium in your company’s finances and ensure continuous growth. Forecasting: Keep your cash flow forecast current to identify potential issues swiftly. This forward-looking approach is crucial for proactive management. Cost-cutting: Get creative […]
Citizens Advice Witnesses Rising Financial Strain Among Working Individuals
Citizens Advice has reported an alarming uptick in the number of working individuals, who once managed to make ends meet, now facing financial shortfalls. While many have witnessed a surge in their earnings, the cost of basic necessities has escalated even faster, according to the charity. The situation seems particularly grim for the self-employed community, […]
Are SME’s Being Let Down?
At Adcroft Hilton, we\’ve been closely monitoring the financial landscape for SMEs. Recent findings reveal some concerning patterns, but also highlight areas of opportunity and hope. Let’s dive in. A significant 67% of UK SMEs feel that banks today are less eager to lend to them. This sentiment rises to 71% among SMEs boasting a […]
Where to Seek Help in the UK When You Can\’t Afford Your Bills
Financial difficulties can arise unexpectedly, leaving individuals and families struggling to make ends meet. There are however, resources and assistance available to provide support when you can\’t afford your bills. This blog explores various avenues where you can seek help, from government programs to charities and financial advisors, to help you regain financial stability and […]
How To Survive Summer (Financially) As A Parent
The summer holidays and Christmas may be at opposite ends of the year. Despite this, however, they have a lot in common. In particular, they can both be very expensive. In principle, the expense can be mitigated (at least partly) by advance planning. In practice, both summer and Christmas tend to creep up on people […]