Experiencing business insolvency can be a challenging time for company directors and owners. One pressing concern is the potential impact on personal credit ratings. Understanding the relationship between business insolvency and personal credit, along with proactive measures, can help protect your financial standing. 1. Distinguish Between Personal and Business Credit In the UK, a limited… Read More

When a company faces financial distress, directors have a crucial role in ensuring that their actions align with legal obligations while working towards a viable solution. Failing to meet these responsibilities can lead to serious consequences, including personal liability, fines, or even disqualification. Understanding directors’ duties during financial distress is vital to protecting both the… Read More

For businesses that have undergone insolvency, securing insurance can be a challenge. Many insurers view a history of financial distress as a high-risk factor, which can lead to higher premiums or outright policy refusals. However, while insolvency can make obtaining cover more complex, it is not necessarily an insurmountable obstacle. If your business has gone… Read More

The retail industry is one of the most dynamic sectors in the UK, but it also faces significant financial pressures. Rising operational costs, shifting consumer behaviours, and economic uncertainties can all contribute to financial distress. If your retail business is struggling with unmanageable debt, declining sales, or creditor pressure, it’s crucial to seek professional insolvency… Read More

The construction industry is highly susceptible to financial instability due to fluctuating material costs, payment delays, and complex contractual obligations. When a construction company faces insolvency, the process can be intricate, involving multiple stakeholders such as subcontractors, suppliers, and clients. Understanding how construction sector insolvency works is crucial for directors, creditors, and other affected parties… Read More

Running a business comes with inevitable challenges, from fluctuating markets to unforeseen financial pressures. While many organisations navigate bumps in the road, some difficulties escalate quickly—leading to cash flow shortages, creditor pressure, or even insolvency threats. In these situations, the timing of your response is crucial. Acting early gives your business the best chance of… Read More

When financial pressure mounts and creditor demands become overwhelming, it can feel like your business is on the brink. Acting early is vital. Administration can provide the breathing space needed to restructure, rescue jobs, and preserve assets. But can Administration save your business? At Bennett Verby Corporate Recovery, we specialise in helping businesses find the… Read More

Running a business comes with inevitable challenges, but when financial pressures begin to mount, directors often delay seeking help. Unfortunately, waiting too long can turn a manageable issue into full insolvency. Acting early is critical: timely advice and effective turnaround strategies can protect jobs, stabilise cash flow, and safeguard future growth. But how do you… Read More

Running a business is rarely smooth sailing. Even successful companies can face financial challenges caused by market shifts, economic pressures, or unexpected setbacks. For many directors, the words corporate recovery can sound daunting—but in reality, it is a practical set of solutions designed to protect jobs, safeguard assets, and give businesses the breathing space they… Read More