News Centre

New health and safety sentencing guidelines come into force

New sentencing guidelines for corporate manslaughter, health and safety and food safety offences have now come into force. The Sentencing Council’s Definitive Guideline for the Sentencing of Health and Safety, Corporate Manslaughter and Food Safety and Hygiene offences took effect from February 1 and could see the steepest fines rise up to £20 million.

Read more>

Seven in ten SMEs have been hit by bad weather

As the tail end of Storm Jonas is followed closely by Storm Gertrude, more UK businesses are braced for disruption. Rain, high winds and flooding have all hit the headlines in recent weeks but despite the effects they can have on small businesses, many remain under-insured.

Read more>

MPs debate quarterly tax returns for small businesses

Parliament has debated plans to fully digitise the tax-reporting process for small businesses and the self-employed. The debate was triggered by an e-petition titled “Scrap plans forcing self-employed and small business to do four tax returns yearly”, which received more than 100,000 votes of support.

Read more>

SMEs are less sure on Europe than big businesses

Small and medium enterprises in the UK are split over the forthcoming referendum on whether to stay in the EU, a new study has found. Big businesses, meanwhile, are far more likely to lean towards staying.

Read more>

SMEs owed more than £500 billion in late payments

Small and medium businesses in the UK are owed over £500 billion in outstanding invoices, according to a new study. The Lloyds Bank Commercial Banking Business in Britain study found that the problem of late payments is mounting, with the amount owed representing an increase of more than 70% in just two years.

Read more>

Confidence falls as cyber-threats become more sophisticated

Less than half of all organisations worldwide feel confident in their abilities to defend themselves against cyber-attacks, according to a new report.

Read more>

UK tech firms break venture capital record in 2015

The UK’s technology sector received a record $3.6 billion (£2.54 billion) in venture capital funding in 2015. This represents a 70% increase over the $2.1 billion raised in 2014, a figure that was itself record breaking at the time.

Read more>

Record number of new businesses were started in 2015

A record number of start-ups were recorded in the UK in 2015. New figures released by Companies House show that 608,100 new businesses were launched last year, beating the 581,173 started in 2014 and setting a new record for the fourth consecutive year.

Read more>

Two thirds of UK workers feel they are underpaid

Almost two thirds of British workers feel that they are not paid enough for the job that they do, according to a new study. Nearly half of these respondents said they were currently in the process of looking for a new job as a result of feeling undervalued.

Read more>

More than half of SMEs have no business ethics policy

The majority of businesses agree that the way they interact with customers, suppliers and other businesses is important, with more than half claiming to have been on the receiving end of unethical business practices. Despite this, most SMEs do not have a formal business ethics policy in place.

Read more>

Moorfields appointed Administrators over leisure and office complex in Aberdeen

Leading property insolvency and restructuring specialists Arron Kendall and Simon Thomas of Moorfields were appointed as joint administrators over a c. 200,000 sq ft mixed use property development in the centre of Aberdeen on 15 January 2016.

Read more>

Productivity declines as ‘most depressing day’ looms

UK production in all major sectors is shown to have declined from the previous month in the latest report by the Office for National Statistics. The Index of Production, released by the ONS on January 12, showed that overall production fell by 0.7% between October and November last year.

Read more>

Only a third of SMEs predict 2016 first quarter growth

A slowdown in growth and uncertainty in the wider economy has seen confidence amongst SMEs decline sharply over the past two years, according to a new survey.

Read more>

A fifth of SMEs still do their admin with pen and paper

A significant proportion of small and medium-sized UK businesses are still using nothing more than pen and paper to carry out their business admin tasks, according to a new survey. This could be hampering both productivity and profitability.

Read more>

SMEs facing hidden costs for international payments

Small and medium enterprises in the UK could be paying up to £4 billion a year in hidden charges on international money transfers. According to a new report, 96% of the costs charged to make international payments are hidden from the customer as they are built into exchange rates.

Read more>

More than 100,000 UK businesses are creditors in insolvency cases

More than 100,000 businesses in the UK were owed money by insolvent companies and individuals over the course of the past 12 months, according to figures released by insolvency trade body R3.

Read more>

Small businesses need to be watchful of auto enrolment deadlines

Small businesses who have not yet implemented auto enrolment for employees eligible for workplace pensions are being urged to make sure they meet their obligations. The Pensions Regulator (TPR) has been writing to small and micro-businesses (those who employ between one and nine people) to let them know their staging dates.

Read more>

Moorfields Guide to a Company Voluntary Arrangement

If you feel you have a viable business that is struggling under the burden of debt, a Company Voluntary Arrangement (CVA) can be a great solution. A CVA allows you to reduce creditor pressure, cut costs and restructure the business quickly and efficiently.

Read more>

Moorfields Guide to a Creditors' Voluntary Liquidation

Step by step guide to a Creditors' Voluntary Liquidation

Read more>

Moorfields Guide to Administration - Director or Company

Step by step guide to a Company Aministration

Read more>

Moorfields Guide to Administration - QFCH

A Guide to the Administration Process: Appointment by the holder of a Qualifying Floating Charge (“QFCH”)

Read more>

Moorfields Guide to Administration - Unsecured Creditors

A guide to the Administration Process Appointment by an Unsecured Creditor

Read more>

Moorfields Guide to LPA Receivership

A step by step guide to a LPA Receivership

Read more>

Extreme weather top business worry for 2016

Extreme weather events have been named the top fear for businesses going into 2016. Almost a quarter (23%) of SMEs polled in Barclays’ 2016 Hopes & Fears survey listed extreme weather as a factor that they feared could have a negative impact on their businesses over the course of the next 12 months.

Read more>

Moorfields appointed Administrators over Eastbourne Property Portfolio

Property specialists Simon Thomas and Arron Kendall of leading restructuring and insolvency firm, Moorfields were appointed Administrators over Freshfield Contracting Limited on 6 January 2016.

Read more>

New Living Wage to have bigger impact on northern employers

The introduction of the National Living Wage (NLW) will be felt more keenly by employers in big northern cities, according to new research.

Read more>

Moorfields rescues specialist I.T. Recruitment Firm

Simon Thomas and Nick O’Reilly of leading restructuring and insolvency firm, Moorfields were appointed Joint Administrators over Ashton Consulting (UK) Limited on 17 December 2015.

Read more>

Moorfields appointed over Student Housing Portfolio in Sheffield

Property insolvency specialists Arron Kendall and Simon Thomas of leading restructuring and insolvency firm Moorfields were appointed Administrative Receivers over Sevenhill Estates Limited on 19th November 2015.

Read more>

A quarter of SMEs operate with no business plan

A new survey by the Centre for Economics and Business Research (Cebr) has found that just over a quarter (26%) of small businesses in the UK do not have a business plan.

Read more>

CBI survey reveals businesses’ biggest concerns for 2016

Two of the main concerns facing UK businesses are the introduction of the National Living Wage and a continuing skills shortage, according to a study co-published by the Confederation of British Industry.

Read more>