All posts by Phil Harris

Is Brexit solely to blame for a rise in corporate insolvency?

I think it’s fair to say that some of us may be a little tired of Brexit continuing to dominate the headlines for a variety of reasons. However, the impact on certain sectors potentially as a result of the decision to leave the EU may have started to become apparent. According to a survey recently […]

White Maund Hack & Slash Golf day

Thanks to all those who came to our 5th annual Hack & Slack Golf Day and well done to White Maund’s Tom D’Arcy for winning ‘worst swing of the day’! The event caters for the occasional golfer without a handicap. We play Texas Scramble which helps the teams get round before dark as the hope […]

Insolvency statistics what do they mean?

The latest insolvency statistics for England and Wales according to The Insolvency Service for Q3 of 2015 have recently been published. The government agency’s published figures for corporate insolvency show that 3,539 companies entered insolvency in Q3 a 10.2% fall on the same period in 2014. So what is the breakdown of these 3,539 insolvent […]

OMG no more LOLing as youth debt hits all-time high

The word on the grapevine is that the UK’s economy is set to be the fastest-growing of the G7. Commodities are cheap, wages are higher than inflation and consumer confidence (and therefore spending) is on the rise. All good news then… Those of you indulging your new found “confidence” by skipping along to your local […]

Changes to the limits for bankruptcy petitions and DROs a good thing?

The minimum level of debt for which a person who is owed money, can force another person into bankruptcy (the bankruptcy level) will be increased from £750 to £5,000 in October 2015. In addition the Debt Relief Order (DRO) eligibility criteria will be changed to increase the maximum debt level from £15,000 to £20,000 and […]

UK service & manufacturing industries leaders in promoting recovery

Economic growth advantages include the ability to employ more individuals and a stable economy. Another advantage is that more goods and services are available and more importantly affordable to consumers. The British Chambers of Commerce (BCC) had forecast that GDP would overtake its performance in the first quarter of this year in the autumn, but […]

The end of days are coming for zombie businesses

The governor Mark Carney is still maintaining that the base rate is unlikely to rise anytime soon (previous predictions were 2015/16), despite the sharp drop in UK unemployment last week. In the same week however, the Bank said it would no longer use employment as the sole indicator for rate setting, but rather a wider […]

Detroit judge rules city bankrupt

The city best known for it’s motor industry and Motown music has been declared bankrupt owing 18 billion dollars (11 billion pounds) to its 100,000 creditors. For more details on this unique situation head to the BBC website at:

Retail “therapy” needed…

Despite the Chancellor’s claims of a recovering economy, retailers may find themselves requiring a different kind of therapy after data compiled by the Local Data Company, shows that within 500 UK town centres 3,366 stores closed in a six a month period compared to 3,157 stores opening. The research found 31% of retailers currently have […]

Homeowners seeking help with debt problems

The figures suggest that many homeowners have taken on mortgages they cannot afford to repay. The DAC have said that some homeowners can only currently afford their mortgage payments as a result of low interest rates and added that people may begin to struggle when the Bank of England eventually increases its base rate. A […]