National Insolvency figures published (15 July 2022) by the Government’s Insolvency Service have indicated that the number of registered company insolvencies in June 2022 was 1,691: 40% higher than in the same month in the previous year (1,207 in June 2021), and 15% higher than the number registered three years previously (pre-pandemic; 1,467 in June 2019). In June […]… Continue Reading
Written by Alex Baker, Paralegal in the Commercial Litigation Team, at Silverback Law What Is The Small Claims Track? When a claim is brought at court, and a Defence is received, the court will allocate it to one of three ‘tracks’ which will determine how that case will be handled: Small Claims Track Fast Track […]… Continue Reading
The facts around the credit industry are that insolvencies are on the up, which means so is the risk to your business. The Government’s most recent insolvency statistics show that ‘registered company insolvencies’ are 79% higher than in the same month of the previous year’. Even comparing the latest figures with pre-pandemic figures, they are […]… Continue Reading
Written by Marina Akram, Solicitor, Commercial Litigation at Silverback Law Partnerships are governed by the Partnership Act 1890 (‘PA 1890’).In order to create a partnership, two or more people may form an arrangement with the intention to carry on a business together with a common view to share profits. Their partnership will be subject to […]… Continue Reading
National Insolvency figures published (17 June 2022) by the Government’s Insolvency Service have indicated that the number of registered company insolvencies in May 2022 was 1,817: 79% higher than in the same month in the previous year (1,014 in May 2021), and 34% higher than the number registered three years previously (pre-pandemic; 1,352 in May 2019) The report […]… Continue Reading
Written by Vishal Mahay, Solicitor and Head of Commercial Litigation at Silverback Law Construction Law is a vast topic with a number of complex areas. This introductory guide is aimed at providing a basic understanding of some of the areas. Parties involved in a Construction Project The key parties will usually be: The Developer – […]… Continue Reading
Companies House is a government department that was set up in 1844 to act as a central register for limited companies. More than 14m limited companies have been registered by Companies House over the past 178 years. 10m of those companies were registered in just the last 20 years. Of course many of those companies […]… Continue Reading
National Insolvency figures published (17 May 2022) by the Government’s Insolvency Service have indicated that the number of registered company insolvencies in April 2022 was 1,991: More than double the number registered in the same month in the previous year (925 in April 2021), and 39% higher than the number registered three years previously (pre-pandemic; 1,429 in April […]… Continue Reading
Redditch based company, Top Service Ltd the only credit reference and debt recovery agency specifically for the construction industry has announced it will provide staff with a £250 payment in October 2022 to help with the rising cost of living and soaring energy bills. In addition to the Government’s £200 discount on gas and electricity […]… Continue Reading
Written by Zahida Shah, Silverback Commercial Law Services What is a Purchase Order? A purchase order is a commercial document whereby one business lets a supplier know they intend to buy goods from them. This is the reverse of an invoice because it is a list of items the business intends to buy and will […]… Continue Reading
