Simple Liquidation blog

Over the years, large corporations, often well-known internationally, have become insolvent for various reasons. Whilst some of them have famously closed down, and long since been forgotten, there are also many that managed to recover from the brink of failure.  The success stories can sometimes be hailed as the vision of leadership – would Apple have risen to such international success without the return of Steve Jobs? Or would Starbucks have survived the early day troubles without former CEO Howard Schultz, coming back to take over the reins again? Business recovery from near disaster isn’t down to just one person; it takes a dedicated team. Let’s look at two Success Stories on business recovery from looming failure; Lego and Marvel. Read Simple Liquidation Success Stories 

There is no getting away from the fact that money and mental health are connected. Now, as the UK faces one of its most significant cost of living crises in decades, there is no doubt that people’s mental health will be hit. Is there any Connection Between Mental Health and Debt? When you are struggling with your mental health, it makes earning money a lot more difficult. Not to mention that once you have earned that money, managing it becomes an issue. When you find yourself getting into debt, this can trigger mental health conditions or worsen existing ones, such as stress, anxiety and depression. There are several common misconceptions when it comes to debt. Many people think that people find themselves in debt because they live a lifestyle that others deem excessive and spend far too much money in places where they don’t need to. This isn’t the case. The fact is that some of the most common triggers of debt are unemployment and redundancy. This can happen to anyone, regardless of t

What is a Licensed insolvency practitioner?   A Licensed insolvency practitioner – is someone who is licensed to act on behalf of companies and individuals when they are facing insolvency or acute financial distress. A licensed Insolvency Practitioner is also able to help directors of solvent companies who have chosen to liquidate their company by way of a Members’ Voluntary Liquidation (MVL) in order to extract held profits.   In the majority of cases, a company director will voluntarily approach a licensed Insolvency Practitioner and enlist their help in dealing with their distressed company.    Duties of a Licensed Insolvency Practitioner   While a Licensed Insolvency Practitioner will, generally, be instructed by the directors seeking company insolvency advice or by a debtor, they have a rapidly changing role. In all cases, they will usually start out by advising the board, moving to the point where they are overseeing the balance of interests of both parties. They

According to Ernst Young (EY), although Foreign Direct Investment (FDI) fell in Europe last year, the UK reversed this trend and attracted plenty of foreign investment, totalling 63 projects in 2021. EY’s UK Attractiveness Survey for Financial Services continues to demonstrate that foreign direct investment in the UK in 2022 is still leading the way for overseas investment. Indeed, the UK secured more ‘new’ investment projects than any other nation, next to the US. In 2021, of the 63 new financial services projects, 54 were new, whilst the remaining 9 were expansions of existing projects. This trend for FDI in the UK, which is the opposite of what’s happening in Europe, is further backed up by new data that suggests the UK can continue to expect further financial investment in the future. A global investors survey on behalf of EY in February and April 2022 showed that when it comes to European investment, the UK is still the most popular (67%) with investors. So, what’s the level of FD