If you’re considering closing your company or dealing with business debt, chances are you’ve come across the term “insolvency practitioner” or IP for short. But what exactly do they do, and how are they regulated? In this blog, we’ll walk you through the key responsibilities of insolvency practitioners, how they are licensed, what standards they […]
The Role and Regulation of Insolvency Practitioners Read More »
When a company goes into liquidation, directors are often left wondering what happens to the contracts and lease obligations they’ve signed while trading. Whether it’s a commercial lease, supplier agreement, or equipment finance deal, these commitments can feel like a weight hanging over you. Understanding how these are handled is an important part of the
What Happens to Contracts & Lease Obligations After Liquidation? Read More »
When a business as well-established as Premier Group Recruitment enters administration, it raises plenty of eyebrows. Known for supplying tech, engineering and creative staff across the UK and US, the company had grown over several years and operated in highly active sectors. So, how does a business like that end up in financial trouble with
What Led Premier Group Recruitment to Enter Administration with £2.9m Debt? Read More »
When news broke about the liquidation of operations at Prax Lindsey Oil Refinery, it sent shockwaves through Lincolnshire and beyond. For decades, the refinery had been a major employer and a central part of the local economy. The announcement that work would wind down and that many jobs were at risk left hundreds of families,
The Impact of Liquidation at Prax Lindsey on Local Communities and Workers Read More »
The UK economy in 2025 has been testing businesses across almost every sector, but two industries stand out as bearing the heaviest weight: construction and hospitality. Both employ hundreds of thousands of people, support regional economies, and act as lifelines for local communities. Yet both are finding themselves among the hardest hit when it comes
Construction and Hospitality Insolvency in 2025 Read More »
Doing business always involves some degree of trust. Whether you are supplying goods on credit, entering a joint venture, or outsourcing a service, you rely on the other party to deliver on their commitments. In the UK’s current economic climate, where corporate insolvencies remain at historic highs, that trust has never been more important. Partnering
How to Avoid Partnering with Risky Businesses in the UK Read More »
The UK’s insolvency landscape in 2025 has been dominated by one of the most significant corporate collapses in recent memory: the compulsory liquidation of Speciality Steel UK (SSUK), part of Sanjeev Gupta’s Liberty Steel empire. With more than 1,500 jobs at risk and the government stepping in to keep operations running under the control of
The Compulsory Liquidation of Speciality Steel UK Read More »
Running a business is never easy. Markets change, costs rise, and sometimes cash simply runs out faster than it comes in. For many company directors, it can be difficult to know whether a financial problem is temporary or whether the business is sliding into insolvency. What is certain, however, is that the moment a company
Trading While Insolvent: Legal Risks UK Directors Must Understand Read More »
At Simple Liquidation, we see many well-known businesses reach a crossroads, a moment when decisive action is needed to protect jobs, preserve value, and prevent a full collapse. The recent restructuring of River Island is one such example. The high street fashion retailer, famous for its trendy styles and long history, has just secured approval
River Island’s Restructuring: Lessons for Retail Facing Insolvency Read More »
Latest reports show that almost 50,000 companies are now on the verge of collapse, struggling under the combined weight of tax hikes, inflation, and ongoing economic instability. For many directors, these challenges aren’t abstract statistics; they’re the daily reality of running a business right now. At Simple Liquidation, we’ve seen firsthand how quickly financial strain
Britain’s Insolvency Landscape – 50,000 Companies on the Brink Read More »
