Life After Insolvency: Can Directors Start Again?
For many company directors, hearing the word ‘insolvency’ evokes fear, uncertainty, and finality. A question we often hear is both simple and personal: “If my company becomes insolvent, can I start again?” In most situations, the answer is yes. Insolvency does not automatically end a director’s career. Many UK directors go on to rebuild, start […]
How to Safeguard Your Business from Insolvency in 2026: Key Causes, Warning Signs, and Practical Steps
Business insolvency arises when a company can no longer meet its financial commitments as they become due. It is a daunting and often overwhelming prospect, and in 2025, it has become increasingly prevalent as UK businesses grapple with soaring costs, squeezed cash flow, and elevated interest rates. The good news? Insolvency can often be prevented […]
Top 5 Insolvency Myths (And the Truth Behind Them)
Think insolvency means business failure? Think again. We debunk the top 5 insolvency myths and explain how My Insolvency helps UK businesses find recovery solutions, not dead ends. When businesses hear the word insolvency, it often sparks fear and uncertainty. Directors mistakenly believe that insolvency means instant closure, personal ruin, or reputational damage. The truth […]
Why use an Insolvency Practitioner? (And what they do to assist you)
When debt starts piling up and pressure from creditors becomes overwhelming, many individuals delay asking for help. Whether you are a business owner or an individual, the idea of speaking to an insolvency practitioner might feel intimidating, or like admitting defeat. However, an insolvency practitioner (IP) could be your greatest ally when everything feels as […]
5 Tools That Could Save Your Business from Insolvency
Here some of the top searched AI-powered and automated tools aimed to help smaller business owners feel more in control of their finances and just as importantly spot potential payment issues before they spiral. 1. Float – Real-Time Cash Flow Forecasting Float plugs into accounting systems like Xero, QuickBooks, and FreeAgent, giving you a […]
Invoice Finance: How Can It Help Businesses?
Overdue invoices are one of the most common causes of cash flow issues for businesses. Waiting for payments can create financial strain, making it difficult to cover expenses, invest in growth, or seize new opportunities. Fortunately, if you regularly invoice businesses, invoice finance could provide a fast and effective solution – and improve your cash […]
Understanding the Administration Process
Administration is an insolvency process in which an administrator is appointed to take control of the affairs of an insolvent company. It is one of the options available to insolvent companies that have a potentially viable future. This process protects limited companies and partnerships from legal action being taken against them, without approval from the […]
How to Set Your Business Up for Success in 2025
With the new year approaching, it’s natural to reflect on your business and set new goals for the future. For many businesses, this often involves setting financial resolutions – such as cutting unnecessary expenses, reducing debt, or making more money! In this blog post, we’re offering tips on creating a realistic financial plan for 2025. […]
3 Tests to Find Out If You Are Insolvency-Bound
Even if your business isn’t currently facing financial difficulties, it’s important to be proactive and aware of potential warning signs that could indicate insolvency is on the horizon. By conducting regular checks and addressing issues promptly, you can take steps to protect your business and avoid a crisis. Here are three key tests to help […]
Recognising and Preventing Insolvency
Insolvency is a serious issue that can have far-reaching consequences for a business and everybody involved in that business. Early detection is crucial in mitigating losses and exploring potential recovery options. In this blog, we’re exploring key indicators that a business might be heading towards insolvency, and how you can prevent it. What is Insolvency? […]