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News & Blog

The latest press releases and opinion from Bishop Fleming

Insolvencies rise as margins are squeezed

Insolvencies rise as margins are squeezed

Posted by Luke Venner on February 9, 2018

The latest statistics for insolvencies in England and Wales covering the last quarter for 2017 reflect a difficult year for companies and individuals. The Association of Business Recovery Professionals, R3, have highlighted a number of…

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New clampdown on high-cost credit planned

New clampdown on high-cost credit planned

Posted by Luke Venner on February 5, 2018

The Financial Conduct Authority (FCA) is considering a clampdown on companies that provide high-cost credit to consumers. This could include imposing a cap on interest rates charged. Such a move would be a follow up…

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Carillion collapse causes chaos for creditors

Carillion collapse causes chaos for creditors

Posted by Luke Venner on January 17, 2018

With Carillion Plc being put into compulsory liquidation, what can businesses that rely on income from the construction and facilities management group do? The collapse of Carillion will have wide-ranging implications for the public and…

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My Employer is insolvent – what are my rights?

My Employer is insolvent – what are my rights?

Posted by Sam Hawkins on October 20, 2017

If your employer is unable to pay its debts, including your wages, it is likely to be insolvent. Your options depend on whether your company has entered a formal insolvency procedure. Sam Hawkins explains. This…

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Statutory Interest on Tax Liabilities in Solvent Liquidations (MVL)

Statutory Interest on Tax Liabilities in Solvent Liquidations (MVL)

Posted by Luke Venner on October 10, 2017

HM Revenue & Customs (HMRC) now require statutory interest on corporation tax (CT) where it is paid after the normal due date, which has significant implications for current and future Members’ Voluntary Liquidations (MVLs). HMRC…

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What is a shadow director?

What is a shadow director?

Posted by Luke Venner on September 26, 2017

In the day to day running of a Company, businesses are often overseen by individuals who are not legal directors registered at Companies House. In the Companies Act 2006, a shadow director, in relation to…

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If my company goes into Liquidation will I lose my home?

If my company goes into Liquidation will I lose my home?

Posted by Jack Callow on September 26, 2017

Ultimately, it depends! By reversing the question and exploring what position you would need to be in for your home to be at risk, a position is established by which you can consider your own…

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Jobs saved at Newton Abbot company

Jobs saved at Newton Abbot company

Posted by Press Release on September 19, 2017

Around 100 jobs have been saved at a Newton Abbot commercial cleaning company thanks to swift action by the Administrators, Jonathan Williams and Jeremiah O’Sullivan of Bishop Fleming LLP. Daccombe-based Betterclean (Services) Limited, run by…

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Care charities face insolvency over National Minimum Wage

Care charities face insolvency over National Minimum Wage

Posted by Jonathan Williams on July 20, 2017

A number of charities who provide 24-hour care, seven days a week, face insolvency due to a court ruling on the payment of the National Minimum Wage (NMW). Demands by HM Revenue & Customs (HMRC)…

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What is a County Court Judgment (CCJ)?

What is a County Court Judgment (CCJ)?

Posted by Luke Venner on July 5, 2017

A CCJ is a type of Court Order that might be registered against you if you fail to repay money you owe. The claim should not come out of the blue; before this stage a…

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