HMRC lost around £836 million in 2022-23 due to small-business phoenixing, now accounting for one-fifth of its uncollected tax losses. Government bodies are tightening laws and enforcement to stop the abuse.

UK GDP flatlined in July, raising fears of stagnation. Business leaders are urging the government to avoid further tax rises in the Autumn Budget and instead prioritise policies that encourage growth and investment.

BCP Council warns of technical insolvency as SEND costs soar, projecting a £171m shortfall by 2026. Without a long-term funding solution, essential services across the borough could face cuts.

Royal-favourite maternity brand Seraphine has entered administration after struggling with sales and rising costs. Most staff face redundancy as administrators seek a buyer or prepare to liquidate the company’s assets.

WeightWatchers’ bankruptcy highlights the growing impact of fat-loss injections—a shift that has also led to the liquidation of another long-established UK provider.

Molly Monks, founder of Parker Walsh, has been appointed to the Insolvency Practitioners Association’s Regulatory, External Affairs and Member Services Committee, strengthening our leadership and commitment to best practice

Luxury yacht manufacturer Fairline Yachts has gone into administration just weeks after a change in ownership, with administrators seeking a buyer while business operations continue.

Didsbury Gin, famed for award-winning spirits and Dragon’s Den backing, has entered liquidation, with parent company Alderman’s Drinks owing creditors nearly £200,000.