MLM Solutions Blog

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Calls for Introduction of Breathing Space to Aid Business Recovery

Struggling companies would have a greater chance of avoiding insolvency if they were given up to six weeks free from creditor pressure to plan a recovery or rescue, according to R3.

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Business Distress Levels Reach Record Low

Business Distress Levels Reach Record Low

New research by insolvency trade body R3 has revealed that the level of business distress in the UK has hit a record low, with just 17% of businesses reporting a key indicator of distress.

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Scottish corporate failures fall 7.6% during 2015 but solvent liquidations up by 35.8 %

Scottish corporate failures fall 7.6% during 2015 but solvent liquidations up by 35.8 %

The number of Scottish firms undergoing business insolvency in the whole of 2015 was down 7.6% during 2015 according to analysis of the latest figures by restructuring, recovery and insolvency boutique mlm Solutions. The latest Accountant in Bankruptcy (AiB) figures show that 828 Scottish firms failed during 2015 compared with 896 the previous year (please note that the AiB uses the financial year April to March as its base so although their current figure states Q3 this refers to October to December 2015 which we call Q4). However, there was a 41.1% increase between Q3 and Q4 and a 31.5% increase on the same quarter in 2014 and this marks two consecutive substantial increases in the latter half of 2015.

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AiB Figures Reveal Fall in Insolvency Numbers

AiB Figures Reveal Fall in Insolvency Numbers

Scotland’s Accountant in Bankruptcy (AiB) has published its latest quarterly figures for the period July – September 2015, which reveal a fall in both personal and company insolvencies.

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Dunfermline Athletic and Liquidation Petition

Liquidation is in the news this week following the revelation Dunfermline Athletic is facing possible closure following the presentation of a petition for winding up to the court by HMRC for £134,000.

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