What Happens to Your Pension in Insolvency?
Pension and insolvency is a combination that causes a significant amount of anxiety, and most of it is unnecessary, because the rules around pensions in insolvency are considerably more protective than most people assume. Understanding what is actually at risk, and what is not, is one of the most useful things anyone facing financial difficulty […]
Construction Sector Pressures – A Practical Guide for Subcontractors and Suppliers
If you supply goods or labour into construction projects, you have probably already noticed that the ground feels less solid than it did even a few months ago. The UK Construction PMI dropped to 39.7 in April, which is firmly in contraction territory and the steepest fall in some time, whilst construction recorded almost four […]
What’s the Difference Between Solvency & Liquidiy?
Understanding the financial health of a business goes beyond looking at sales figures or whether there is money in the bank. Two terms that are often mentioned when assessing a company’s position are liquidity and solvency. Although they are sometimes used interchangeably, they describe very different aspects of a business’s finances. Both are important, and […]
Company Directors: What You Really Need to Know About Insolvency
Being a company director carries a lot of responsibility. When business is going well, it can feel straightforward. But when money becomes tight and the business struggles, many directors find themselves worrying about what insolvency means for them personally. Will they be held liable for company debts? Could they lose their home? Is their career […]