Business Rescue & Insolvency Newsletter

Last Friday saw the publication of the latest Insolvency statistics published by The Insolvency Service for quarter one of 2011 revealing a small reverse to the previous two quarter’s decline in company liquidations. Administrations showed a big upward jump on the last quarter of 2010, back to virtually the same level as a year earlier and with company voluntary arrangements also showing a small increase quarter on quarter, total corporate insolvencies are just 1.2% higher that this time last year. Total Individual Insolvencies across the board were down for the fourth quarter in a row.

The turnaround in the reduction of corporate insolvencies comes as no surprise and reverses the atypical decline seen last year as an economy comes out of recession. I believe that struggling businesses last year benefitted from the softer approach being taken by banks, creditors and HMRC all of whom are now starting to apply greater pressure to underperforming businesses... Read More

In these difficult times, the difference between a business surviving or closing down can rest on taking quick and decisive action at an early stage. Action taken early enough can help prevent problems escalating to the point of no return... Read more 

Geared up for recovery
We have recently successfully worked with a vehicle repair company, and have helped it to save 23 jobs and to stay in business.

The business approached us after looking at our website and deciding that Cranfield looked highly professional and had the expertise necessary to help them through the recovery process... Read more

We are delighted to report on the progress of Olympic hopeful Katrina Wootton who we are proud to continue to sponsor.

After a 13-month absence, due to illness, Katrina made her return to competitive racing in March at the UK Championships & World Cross Country Trials, followed by a fifth place finish at Manchester’s Trafford 10km a week later.

It was a great achievement after being away from competition for over a year and we are all incredibly impressed with her comeback... Read more 

Racing Ahead
Our commitment to supporting charities in the region recently led to a day of life in the fast lane for directors Tony, Patrick and Brett... Read More

Table Football
A fast-paced game of table football took place on Thursday 5 May at Allied Irish Bank (GB) in Coventry and is the third tournament Cranfield has hosted jointly with AIB... Read More 

Go-Karting Kapers
Next up on the grid will be our own annual go-karting event on May 17th with 10 teams of local professionals battling it out to win the Cranfield Carting Challenge Cup... Read More