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By Ed Connell

28th August 2025

How can recruitment agencies overcome challenges?  

Many recruitment agencies are facing huge challenges and, according to government statistics, 181 recruitment businesses entered liquidation in the six months to August 2025. But what can recruitment agencies do to improve their resilience? 

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By Lindsey Cooper

2nd August 2025

Navigating and mitigating the financial risks for leaders of smaller UK law firms

Cash flow problems, financial difficulties, and business exit strategies are significant concerns for leaders of smaller law firms. Understanding the risks and knowing your options can help mitigate personal liability and ensure the best outcome for your firm, clients, and career.

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By Ann Probert

19th June 2025

Private schools in financial difficulties - Governors’ responsibilities

The financial challenges facing independent schools are significant, and every situation is unique. The best course of action for school governors to take will vary depending on the specific circumstances of each school.

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By Daryl Warwick

10th June 2025

10 warning signs of a company in financial distress

There are a number of warning signs that indicate a company is in financial distress and swift action is required to improve operational and financial performance.

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By Lindsey Cooper

22nd May 2025

Overdrawn directors’ loan accounts – what are the risks when a company becomes insolvent?

An overdrawn director's loan account becomes a company asset that must be repaid by the director personally. What can directors do to avoid the risks associated with this? 

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By Lindsey Cooper

5th April 2025

Antecedent transactions - what to be aware of if your law firm becomes insolvent

If a law firm is experiencing financial difficulties, and there is a possibility that it may have to enter into an insolvency process, it is vital to take professional advice from an insolvency practitioner as soon as possible. One specific area that will be covered by the insolvency practitioner is the concept of antecedent transactions.

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By Lindsey Cooper

18th March 2025

What is an HMRC Time to Pay Arrangement and when might you need one?

For some businesses, a formal Time to Pay Arrangement (TTP) with HMRC may afford them some valuable breathing space and enable them to get back on an even keel by rescheduling their PAYE or VAT debts over a period of time.

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By Lindsey Cooper

16th February 2025

Financial challenges facing UK Pharmacies in 2025: Navigating funding cuts and rising costs

UK pharmacies are navigating a complex landscape marked by funding cuts, rising operational costs, regulatory changes, technological advancements, and workforce challenges, but there are way they can look to improve their position by following some best practice guidance. 

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By Lindsey Cooper

22nd January 2025

Directors' responsibilities in times of financial distress: how to mitigate against personal liability

When a company faces financial distress or the possibility of insolvency, the responsibilities of its directors shift significantly. The greater the company’s financial difficulties the more priority directors should give to creditors’ interests over that of the shareholders.

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By Whitney Whitfield

14th January 2025

Preparing for a Members’ Voluntary Liquidation (MVL)

If you are a shareholder with more than £25,000 in a company and it has come to the end of its economic life, a Members’ Voluntary Liquidation (MVL) is a neat way of extracting the funds and ending the company’s filing requirements

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