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.
Scottish Insolvency Practitioner Maureen Leslie has been appointed President of the London-based Insolvency Practitioners Association (IPA). Mrs Leslie, owner / director of Glasgow headquartered mlm Solutions, takes office with immediate effect, and serves as the Association’s figurehead and Chairman of its board of directors for the next twelve months.
HMRC recently reported that it has won a significant tax avoidance case at the First-tier Tribunal.
HMRC has apparently collected more than £2 billion in disputed tax from tax avoiders, under rules introduced by the Government in 2014.
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.
