National Insolvency figures published (16 August 2022) by the Government’s Insolvency Service have indicated that the number of registered company insolvencies in August 2022 was 1,933: 43% higher than in the same month in the previous year (1,348 in August 2021), and 42% higher than the number registered three years previously (pre-pandemic; 1,365 in August 2019). In August […]… Continue Reading
Written by Keith Tully, partner at Real Business Rescue With business insolvencies on the rise and organisations of all sizes struggling to deal with rapidly increasing costs, spotting the red flags of business failure is now more important than ever. Fortunately, there are certain issues, both strategic and day-to-day, which signal problems ahead and can […]… Continue Reading
How often do you struggle to get paid? Whether it’s late settlements or getting paid at all, many contractors spend far more time than they should chasing payments. According to Construction News this is an industry-wide problem that reaches beyond main contractors. Companies throughout the supply chain are guilty of poor practice when it comes […]… Continue Reading
National Insolvency figures published (16 August 2022) by the Government’s Insolvency Service have indicated that the number of registered company insolvencies in July 2022 was 1,827: 67% higher than in the same month in the previous year (1,096 in July 2021), and 27% higher than the number registered three years previously (pre-pandemic; 1,440 in July 2019). In July […]… Continue Reading
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
