blog and news

Keep up to date with all the latest goings on at White Maund.

Directors beware!

In previous blogs, we have looked at the various processes HMRC will use to recover tax and VAT such as distraint, time to pay arrangements, issuing security notices and as a last resort, insolvency.  As part of HMRC drive to improve tax collection and clamp down on companies and individuals seeking to avoid or evade […]

HMRC preferential status – update

On 31 October 2018 we posted a blog on HMRC regaining preferential creditor status and the potential effect on banks and other lenders.  HMRC recently commenced a consultation period which is due to expire on 27 May 2019.  The consultation is being undertaken with a view to deciding how the new rules should be implemented […]

Is retail heading for even tougher times?

The retail sector has gone through significant transformation over the last decade with the introduction of new technologies, new business models, intensifying competition and increasingly sophisticated consumers which have all contributed to a changing landscape in the industry.  Volume discounters and low-cost chains now dominate the market whilst established household names have found conditions more […]

Insolvencies rise again in Q4 2018

The most recent insolvency stats have been released from the insolvency service for Q4 of 2018.  Corporate insolvencies increased to 16,090 which is the highest level since 2014 and comprised of increases in all types of corporate insolvency with the exception of administrative receivership.  Whilst corporate insolvencies feel by 9% from Q3 to Q4, there […]

White Maund Dress Down Charity Days for Local Forward Facing Charity

White Maund are delighted to have raised £150.00 for their 2018 chosen charity Forward Facing. Forward Facing are a charity that help families and children across the South East, supporting children and young people with long-term illnesses or life-threatening conditions. It aims to help them forget their daily struggles, experience positive emotions, and make lasting […]

Sharp rise in construction insolvencies following Carillion’s collapse

It has been reported that 2,764 construction firms entered insolvency in 2017/18, jumping 6% in just a year from 2,608 in 2016/17 This substantial rise in construction insolvencies can be seen as being partly due to the fall-out following Carillion’s liquidation in January 2018. Many of the reported insolvent firms were part of the supply […]

Beating The Business Decline Curve – A Seminar from White Maund

White Maund held a seminar for accountants titled ‘Beating the Decline Curve’ on 2nd October at the Sussex County Cricket Ground. The seminar was well attended and consisted of a light breakfast followed by a detailed presentation covering the various stages of a business’ decline and the possible outcomes. The seminar then went on to […]