FA Simms & Partners

Facing hurdles in striking off your company? Unsettled debts and non-compliance could be suspending your process. Discover the main reasons a company strike-off gets paused and how to navigate these challenges effectively. fasimms.co.uk/why-would-comp…

We’re at a pivotal point for the future of our high streets. Forward-looking and strong policy interventions are needed to help small firms grow and be successful - and to support them to adapt to a rapidly changing world. Today, we set out a blueprint for the #FutureHighStreet 👇 🔗 fsb.org.uk/FutureHighStre…

Navigating through the challenges of insolvency can be daunting for directors and devastating for employees. However, these recent efforts by the Insolvency Service highlight our industry's potential to help during these challenging times. gov.uk/government/new…

Understanding the repercussions of a personal guarantee is crucial for protecting your clients' financial integrity. Learn when it's advisable to avoid personal guarantees and how to safeguard your clients' interests. financialaccountant.co.uk/blog/richard-s…

Although only a percentage of Carpetright’s operations were saved, Tapi's intervention highlights how administration can instigate the restructuring necessary for a business to survive and, potentially, to thrive again. bbc.co.uk/news/articles/…

For small business owners, this could mean a more predictable environment for making crucial decisions about investments, hiring, and expansion. theguardian.com/business/artic…

You can now find insolvency insights and updates from our experts on @cpaaworld News. Our latest article looks at why a Members' Voluntary Liquidation(MVL) might be a great, tax-efficient option to close your client's solvent business. Read it now! cpaanews.com/post/the-benef…

The club's chairman has always been opposed to placing the club into Administration, even though it would have dealt with all the issues faced by the club in a more effective way. Was the action of its chairman an own goal? echo-news.co.uk/sport/24412308…

We've noticed the number of appointments is level with 2023. But enquires about potential insolvency is generally up. More directors have sought out our advice and have wanted to understand options before the company is beyond the point of control. gov.uk/government/sta…).

Are you considering restructuring options for your client’s business? Discover how a pre-pack administration might be a strategic move, in our latest article for The Institute of Financial Accountants financialaccountant.co.uk/features/using…

Choosing the right licensed insolvency practitioner is key! ✅ Ensures compliance & ethical handling ✅ Offers expert, tailored advice ✅ Protects both business interests & creditors Don't compromise on quality and integrity when facing financial challenges.

This story gives a crucial insight to small businesses: insolvency processes can be a lifeline, not necessarily the end of the road. express.co.uk/finance/city/1…

Who can benefit from Members' Voluntary Liquidation aka solvent liquidation?

You may think striking off your company is straightforward, but did you know there are several reasons it could be suspended? From creditor objections to outstanding taxes, learn what can derail a strike-off and how to avoid it. Click to read more: fasimms.co.uk/why-would-comp…

It's important for small business owners to remain vigilant and plan for the future, whatever interest rates are doing. This includes reviewing and managing debt levels, and assessing financial health. moneyweek.com/economy/when-i…

More than £23bn 💸 That's what smaller businesses are owed in late payments. If you're struggling with late invoices, have a look at our new guide for actionable tips 👉 bit.ly/48XAaE0

What's happening in insolvency right now?

It’s important that you go into a personal guarantee arrangement with your eyes open. Business loans can provide much-needed funds when you need them, but can also leave the family home on the line if things go wrong. fasimms.co.uk/personal-guara…

Facing financial challenges? There's a strategic route that could lift your business out of distress. Business rescue involves several steps designed to steer your company away from insolvency. fasimms.co.uk/what-is-busine…

Is your business drowning in debt? Company administration could be the lifeline you need. This insolvency process offers protection from creditors while a recovery plan is implemented to restructure operations and repay debts. fasimms.co.uk/what-is-compan…