US Global Tariffs Although many American citizens may be questioning “ Liberation Day” there is no doubt that The US administration’s announcement of global tariffs have sent markets and world trade into uncertain times. How will tariffs impact UK businesses? Are they an opportunity or a risk? What are the tariffs and how do they…
April 2025 NI Contributions The recent increases in National Insurance (NI) contributions and the minimum wage in the UK have posed significant challenges for small businesses. The rise in employer NI contributions from 13.8% to 15% and the lowering of the salary threshold for contributions have increased staff costs. Coupled with the minimum wage hike…
Borrowing on your business Borrowing on your business (in debit) or lending your business money (in credit). This article will focus on the former; when a director takes money out of the business that is not for their salary, dividends, or as an expenses repayment. In theory, taking out a Directors Loan can be a…
No one wants to have that knock on the door and realise that bailiffs have come to claim your assets, but for a lot of people, the panic takes over and you blindly assume that you must do exactly as the bailiffs say. This is not the case. You have rights, and it’s important that…
As a business owner, it is important to ensure that your new customers are financially reliable and capable of fulfilling their payment obligations. The phrase “good for the money” is a common one in business, referring to a customer who is likely to pay you on time and in full. But how can you determine…
Recent developments involving Atherton Corporate (UK) Ltd and Atherton Corporate Rescue Limited highlight the risks associated with unqualified advice in times of financial distress. These companies, which falsely claimed to offer a legal alternative to insolvency practitioners, misled directors facing company debts. They encouraged the disposal of assets and assured directors they could escape responsibility…
In a concerning turn of events, the number of UK companies facing insolvency has now surpassed levels seen during the 2008 financial crisis. Recent figures highlight that over 25,000 businesses entered insolvency in the last year alone, representing a sharp increase driven by economic factors such as high interest rates, inflation, and ongoing market volatility….
As a business owner, one of the most frustrating challenges you can face is a customer who fails to pay on time or, even worse, doesn’t pay at all. This can significantly impact your cash flow, limit your ability to meet your own obligations, and, in extreme cases, jeopardise the survival of your business. If…
In the vibrant world of business, encountering financial difficulties can be daunting. At DMC Recovery, we understand the importance of seeking help early when your business is facing financial problems. Our primary aim is to enable companies to continue trading and increase the prospect of recovery through effective restructuring if necessary. Comprehensive Operational Assessment The…
As summer approaches, businesses often face the challenge of maintaining smooth operations while staff members take their well-deserved holidays. At DMC Recovery, we understand the importance of effective planning to ensure that business continuity is not compromised during this period. Here are our top five tips to help you prepare for a seamless summer. One…
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Stockport
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Andrew Bland and Janet Mayo are both authorised to act in the UK by the Institute of Chartered Accountants in England and Wales under licence number 9472 and 9595.
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